Imperial is pleased to advise that all the conditions precedent relating to its 100% acquisition of Deep Catch Namibia Holdings (Deep Catch) have now been fulfilled and the transaction, which was announced on 17 June 2021, is effective 02 November 2021.
Deep Catch is a diversified and vertically integrated business engaged in the wholesale, distribution and cold storage of perishable foods (mainly poultry, fish and dairy products) in Namibia and the Southern African Development Community (SADC) region. Headquartered in Namibia with subsidiaries in Namibia, South Africa, Zimbabwe and Zambia, Deep Catch employs over 480 people and serves customers in the wholesale, hospitality and retail sectors including exporting Namibian and South African food products to other SADC markets.
Through the new and expansive cold chain capability and extensive network acquired through Deep Catch, Imperial's Market Access business will be positioned to enter and build its cold chain capability and product category expansion in its existing markets of operation in Sub-Saharan Africa (mainly South Africa, Mozambique, Ghana and Nigeria), where there is substantial demand for affordable protein products. This acquisition will provide access to defensive, value-added capabilities in FMCG, such as re-packaging.
Imperial is excited about this acquisition, which is in line with our 'Gateway to Africa' strategy. It provides our Market Access business with the opportunity to increase our reach into the consumer market and expand our footprint with new capabilities on the African continent.
The regulatory SENS announcement is available on Imperial’s website: https://www.imperiallogistics.com/sens.php