Bounty clinches an­other deal

Business Day - - FRONT PAGE - Marc Hasen­fuss Edi­tor at Large hasen­

Bounty Brands, the ac­quis­i­tive fast-mov­ing con­sumer goods con­glom­er­ate with medium-term list­ing am­bi­tions, has clinched yet an­other deal in Poland.

Bounty Brands, the ac­quis­i­tive fast-mov­ing con­sumer goods con­glom­er­ate with medi­umterm list­ing am­bi­tions, has clinched an­other deal in Poland.

On Tues­day, it an­nounced the ac­qui­si­tion of the Uni­top Group, a Pol­ish man­u­fac­turer and dis­trib­u­tor of sesame-based snacks and con­fec­tionery goods. This is the fourth trans­ac­tion Bounty has clinched in Poland in the past two years.

It fol­lows hard on the heels of an an­nounce­ment in Oc­to­ber of a pre-sale agree­ment with Profi, a pro­ducer of pâtés and readyto-eat soups.

Pre­vi­ous ac­qui­si­tions in Poland in­clude Sonko, a rice­based prod­ucts and healthy snacks busi­ness in 2015, and Stella Pack, a man­u­fac­turer and dis­trib­u­tor of re­cy­cled refuse bags and other non­chem­i­cal house­hold prod­ucts in Septem­ber 2017.

Uni­top’s mar­ket po­si­tion in Poland was com­ple­mented by an in­ter­na­tional pres­ence, in­clud­ing the EU, Aus­tralia, North Amer­ica and the Mid­dle East, said Bounty CEO Ste­fan Rabe. Bounty would sup­port fur­ther de­vel­op­ment of Uni­top’s prod­uct cat­e­gories in Poland and in­ter­na­tion­ally, es­pe­cially in the fast-grow­ing healthy snack cat­e­gory, he said.

In the fi­nan­cial year ended De­cem­ber 2016, Uni­top gen­er­ated rev­enues of R680m.

Bounty is con­trolled by Cape Town-based in­vest­ment house Coast2Coast. Bounty’s op­er­a­tions span the lo­cal and in­ter­na­tional food and ap­parel sec­tors, as well as the per­sonal and home care seg­ments.

Bounty’s brands in­clude Ta­ble Charm, Tuffy, Gold­en­marc, Sea Queen, An­nique, Ser­ena, Essence Cos­met­ics and Lib­erty Se­lect.

Coast2Coast is best known for its role in form­ing and sub­se­quently list­ing health­care brands con­glom­er­ate As­cendis on the JSE.

Bounty has pre­vi­ously sig­nalled an in­ten­tion to se­cure a pri­mary list­ing on an in­ter­na­tional bourse — most likely the London Stock Ex­change — as well as a sec­ondary list­ing on the JSE.

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