The acquisition of a majority ownership in a South African logistics service could strengthen Capespan Group Ltd.’s supply-chain service.
On Sept. 10, the Cape Town, South Africa-based Capespan announced it is acquiring a 75% stake in Aspen International Services (Pty) Ltd.
“Aspen has a reputable track record in the clearing and forwarding fraternity, specifically for the facilitation of direct fruit exports from South Africa,” Capespan officials said in a news release. “They have a long serving, dedicated team and management.”
Capespan offers a range of fresh fruit and vegetables, value-added products and related services as well as international logistics and the Aspen partnership should allow Aspen to better use and expand its extensive logistical infrastructure and expertise, according to the release.
Capespan acquired the 75% stake in Aspen owned by Gary van Niekerk while managing director Mariaan Rademan retains her 25% ownership, according to the release.
Capespan has formed a new consolidated supply chain business and Rademan plans to continue to lead it from the companies’ Tyger Valley Waterfront Cape Town headquarters, according to the release.
The transaction remains subject to approval by relevant regulatory agencies, according to the release.
Capespan procures and markets fresh produce from operations in North America, Chile, Europe, the United Kingdom, Egypt, Japan, Hong Kong and China as well as Namibia.