Quantum Foods A right old flap
Last year – follow us closely here – agribusiness Zeder Investments sold its 30% shareholding in Quantum Foods to rival Country Bird Holdings (CBH), who seemed poised to snap up the rest of the business for good measure. Until, enter international agribusiness investor, Silverstreet, which bought a similar-sized stake in Quantum as CBH had, setting the scene for some sort of thrilling shareholder impasse. Not so fast there: spotting an opportunity – or perhaps determined not to be left out in the cold, or both – Astral Foods, which had eyed CBH’s activities with alarm, bought its own 10% stake in Quantum. Word on the street now is that Astral and Silverstreet might work together with senior management in a loose shareholder alliance that would see the influence of CBH gravely reduced. Quantum, in the meantime, is just quietly getting on with the business of business, building capacity and production efficiencies, and making its own acquisitions, notably of L P Buhr Boerdery, the owner of the Helderfontein broiler farm, for R53m.
Comment: Say what you like about poultry, it’s a sector which doesn’t shy away from drama.