Exchange-Listed Companies
Commercial Cold Holdings (CCH), a cold storage and logistics provider established in 2023 with funds managed by African Infrastructure Investment Managers (Old Mutual) has announced the acquisition of iDube Cold Storage based in KZN. The addition of the iDube facility to CCH’s warehousing network will provide 9,000 pallets of refrigerated capacity in Durban. Financial details were undisclosed.
In a trading update Stor-Age Property REIT disclosed the acquisition in July of Extra Attic, a single-story self-storage property in Airport Industria, Cape Town for R73 million. Its proximity to national roads and the airport will complement the existing portfolio in the Cape.
In a deal valued at R1,5 billion, Bid Corp has acquired a 100% interest in Turner and Price (TP), a food wholesaler in the UK. TP will join the Caterfood Buying Group, which includes independent businesses such as Thomas Ridley, Nichol Hughes, Elite Fine Foods, Harvest Fine Foods and Cimandis among others. TP is anticipated to contribute revenue of R2,3 billion and trading profit of R185 million to the group results for F2025.
King Loan Finance, a subsidiary of Finbond, is to acquire the businesses Kitsismart and KWT Finance for a purchase consideration of R25,75 million. The businesses operate via their five branches in the Eastern Cape, offering short-term consumer loans with terms from one to three months. The deal will not only expand Finbond’s South African store network to 416 but will also increase the profitability of its local operations.
DealMakers is SA’s M&A publication.
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