Processing, fries, chips

South Africa: Famous Brands buys Western Cape potato processor

Although the South African potato processing industry is growing rapidly to meet increasingly strong demand fuelled by the brisk growth in food services and the convenience market, JSE-listed Famous Brands says it lagged its peer industries in developed countries, illustrating the growth potential for the company’s newly acquired Lamberts Bay Foods (LBF) business. Famous Brands announced on Thursday that it had acquired LBF, a wholly-owned subsidiary of JSE-listed Oceana Group. LBF currently processes French fries and other value-added potato products solely for the South African market at its factory in Lambert’s Bay, in the Western Cape, for sale to wholesalers, retailers and restaurant chains. The company, one of only three French fries manufacturers in South Africa, had supplied product to Famous Brands for the past 20 years. Currently, LBF processed some 24 000 t/y of potatoes, which were sourced mainly from Mpumalanga, Limpopo, the Free State and the Sandveld region of the Western Cape. More

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