| 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 . An agreement was concluded to
acquire the Nowaco Group, foodservice businesses
operating in Czech Republic, Slovakia and
Poland. |
| |
|
|
| 2008 |
|
R1,5
billion raised via domestic loan. Viamax
acquisition concluded. Revenue exceeds
R100 billion for the first time. |
| |
|
|
| 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. A R4,5 billion
domestic medium-term note programme set
up. |
| |
|
|
| 2006 |
|
Acquired
100% of Netherlands foodservice company,
Deli XL and a controlling stake in Horeca
Trade, a small Dubai-based foodservice
distributor. Concluded sale of Dartline
Shipping for GBP58,9 million (R650 million)
and loss-making Lithotech France. Global
footprint expanded through investment to
develop and operate Mumbai International
Airport. Non-executive component of the
board strengthened. |
| |
|
|
| 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 Africas
second largest motor retailer, acquired
for R980 million. Acquisition of minority
interests of Bidvest plc. |
| |
|
|
| 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. Small strategic
foodservice acquisitions in the United
Kingdom, Australian and New Zealand markets. |
| |
|
|
| 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. |
| |
|
|
| 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, Bidvests 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. |
| |
|
|
| 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. Acquisition of Lithotech. |
| |
|
|
| 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
sub-division. |
| |
|
|
| 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. |
| |
|
|
| 1989 |
|
Acquisition
of Afcom. |
| |
|
|
| 1988 |
|
Chipkins,
the first acquisition, followed shortly
thereafter by Sea World. The start of Bidfood. |
