This summary puts our financial history into context.
2010
The Nowaco Group, foodservice businesses operating in
Czech Republic, Slovakia and Poland were acquired for €250
million.
2009
The Bidvest business model was tested by the worst economy in its
21year history and has risen to the challenge of the “new normal”.
2008
R1,5 billion raised via domestic loan. Viamax acquisition concluded.
Revenue exceeds R100 billion for the first time. First carbon
footprint analysis prepared.
2007
Acquired 100% of Angliss, a leading foodservice wholesaler and
distributor in Singapore, Hong Kong and China. Negotiations finalised
to acquire Viamax Holdings. Rennies Bank renamed Bidvest Bank.
Black economic empowerment partnership with Dinatla Consortium
refinanced and extended for five years. A R4,5 billion domestic mediumterm
note programme set up.
2006
Acquired 100% of Netherlands foodservice company, Deli XL and a
controlling stake in Horeca Trade, a small Dubai-based foodservice
distributor. Concluded sale of Dartline Shipping for GBP58,9 million
(R650 million) and loss-making Lithotech France. Global footprint
expanded through investment to develop and operate Mumbai
International Airport. Non-executive component of the board
strengthened.
2005
Cyril Ramaphosa takes the reins as chairman. Successful buyout of
Bidcorp plc minority interest. Acquisition of 20% of Tiger Wheels.
G. Fox acquired.
2004
R2,1 billion BEE transaction for 15% of Bidvest with Dinatla
finalised. McCarthy, South Africa’s second largest motor retailer,
acquired for R980 million. Acquisition of minority interests of Bidvest
plc.
2003
The Bidvest Academy, a Group training and development
programme, launched. Ground-breaking black economic
empowerment initiative with Dinatla Investment Holdings
announced. Danel acquired and renamed Lithotech France. Small
strategic foodservice acquisitions in the United Kingdom, Australian
and New Zealand markets.
2002
Acquisition of 56,7% of LSE-listed Jacobs Holdings plc, which
was renamed Bidcorp plc. Paragon acquired and merged with
Lithotech. Remaining 68% of Voltex acquired to form part of the
Commercial Products division. The minority shareholding in I-Fusion
acquired.
2001
John Lewis Foodservice acquired and incorporated into Bidvest
Australia, creating the leading foodservice distributor in Australia.
The Group-wide area network, Bidnet, developed by I-Fusion.
mymarket.com, Bidvest’s e-commerce initiative, launched.
2000
Acquisition of Island View Storage. Banking licence granted to
Rennies Bank and 77% of I-Fusion acquired. Bidvest plc enters
the New Zealand foodservice market with the acquisition of Crean
Foodservice, renamed Crean First for Foodservice.
1999
Booker Foodservice, renamed 3663 First for Foodservice, acquired
by Bidvest plc. Acquisition of Rennies Group.
1998
Bidvest plc, incorporating Bidvest Australia, was created with dual
listings in Australia and Luxembourg. Acquisition of Lithotech.
1997
100% of Waltons Group acquired, Bid Corporation unbundled and
Bidvest incorporated into the JSE industrial index.
1996
Empowerment programmes begin with Women Investment
Portfolio Holdings and Worldwide African Investment Holdings each
acquiring a 5% shareholding in Bid Corporation.
1995
First steps to international expansion taken – 50,1% of Australian
Stock Exchange-listed Manettas acquired and renamed Bidvest
Australia.
1994
Rights offer raises R300 million, 10-for-1 share subdivision.
1993
Safcor Freight acquired – the start of Bidfreight. Prestige Cleaning
Services acquired and grouped with Steiner to form Bidserv.
1992
Crown Food Holdings acquired and merged with National Spice to
form Crown National.
1991
Acquisition of Steiner Services – beginning of the hygiene services
business.
1990
Bid Corporation becomes the pyramid holding company of Bidvest.
1989
Acquisition of Afcom.
1988
Chipkins, the first acquisition, followed shortly thereafter by Sea
World. The start of Bidfood. |
Bidvest group
