The Bidvest Group Limited ANNUAL INTEGRATED REPORT 2012
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The Bidvest timeline

 

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  2012   
2012 Acquisition of Deli Meals in Chile, Bidvest’s first entry into South America.  
  2011 Seafood Holdings, market leading fresh fish foodservice business in the United Kingdom acquired for GBP45 million. Realignment of South African based businesses (excluding food businesses) into Bidvest South Africa. Businesses grouped into similar product and service offerings.  

 

  2010   
2010 The Nowaco and Farutex Group, foodservice businesses operating in Czech Republic, Slovakia and Poland was acquired for €250 million.   
  2009 The Bidvest business model was tested by the worst economy in its 21-year 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 done. 
  2008  

 

  2007 
  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. 

 

  2006 Acquired 100% of Netherlands foodservice Company, Deli XL and a controlling stake in Horeca Trade, a small Dubai-based foodservice distributor. Global footprint expanded through investment to develop and operate Mumbai International Airport. Non-executive component of the board strengthened. 
  2006  

 

  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.  
  2004

 

  2003 
  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. 

 

  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.  
  2002

 

  2001 
  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. 
  2000  

 

  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.  
  1998

 

  1997   
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.  
  1994

 

  1993   
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.  
  1990

 

  1989 Acquisition of Afcom.  
  1988 Chipkins, the first acquisition, followed shortly thereafter by Sea World. The start of Bidfood.  
  1988