Legacy Africa Capital Partners acquired a 49% stake in Kelpack Manufacturing as part of a Management Buy Out in November 2022, positioning both companies for future growth in the food manufacturing sector.
Information on the Target
Kelpack Manufacturing (Pty) Ltd, commonly referred to as Kelpack, is a renowned contract manufacturing and packaging company located in Pinetown, Durban. Established in 1996 by Ric Cameron, the business initially operated under the name Kelly Foods, focusing on food production.
In 2009, the company strategically pivoted its business model to specialize in third-party contract manufacturing and packaging, leading to its rebranding as Kelpack. This shift allowed the company to position itself prominently within the contract manufacturing sector, catering to a wide array of food industry clients.
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Industry Overview in South Africa
The food manufacturing industry in South Africa plays a significant role in the country’s economy, contributing to job creation and export revenues. The sector encompasses various activities, including f
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Legacy Africa Capital Partners
invested in
Kelpack Manufacturing (Pty) Ltd
in 2022
in a Management Buyout / Buy-In (MBO) deal