After four months of speculation, a consortium called Milco is offering Clover shareholders R25 per share - a 25% premium to Friday’s R20 closing price and valuing Clover at R4.8bn - and, if approved, will delist it from the JSE.
Clover has entered into a joint venture with Durban's fast-track functional food company, Futurelife, to launch a new range of functional food products, kicking off with a ready-to-drink version of Futurelife’s low GI cereal product
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Clover has launched its successful one-percent milk, The One, in a long-life option, packaged in the Tetra Pak Prisma pack that's easy to hold, open, pour and store. [Click pic to enlarge]
SA’s biggest dairy producer, Clover, reported a 3.4% rise in full-year profit, in what the group described as a challenging environment. For the 12 months ended June, revenue increased by 10.7% to R8bn, and operating profit rose by 5.4% to R391.4m. Some interesting market intelligence...
Clover has announced the acquisition of of several Nestlé bottled water assets - in a joint venture deal that will see the latter maintain a 30% holding in the new entity. The R58m deal includes a Gauteng-based Doornkloof property, a bottled...
After many years investigating the technology, Clover, SA's biggest dairy player, took the plunge into ESL (extended shelf life) milk in late 2006 with the launch of its SealFresh-branded milk in the Tetra Top package, and with a 14-day shelf life. Six years on, it...