Clover at a glance

Clover Industries Limited (“Clover” and/or “Group”) a branded foods and beverages Group listed on the main board of the Johannesburg Stock Exchange on 14 December 2010.

Operating in one form or another since 1898, the Group has enjoyed a long and successful history as part of the development of South Africa’s dairy and fast moving consumer goods industry (“FMCG”). Today, Clover is a leading and competitive branded consumer goods and products group operating in South Africa and other selected African countries with core competencies in:

• The production of dairy and non-dairy beverage consumer products.
• The distribution of chilled and ambient consumer products.
• The sales and merchandising of consumer goods. 
  

The Group produces and distributes (for itself and other FMCG companies) a diverse range of dairy and consumer products to consumers and customers through one of the largest and most extensive distribution networks in South Africa (more specifically the largest chilled distribution network). The business platform, created and sustained by the dairy business, provides the perfect platform for the Group to reach an extensive cross section of South African customers and consumers. The Group’s business platform spans the breadth of the value chain from production to sales and integrates key value-added support services such as logistics, supply chain management, sales and merchandising. Clover’s market penetration (Clover delivers to approximately 14 000 delivery points across South Africa) coupled with its value-added services offering and high frequency of delivery, positions the Group to exploit attractive opportunities for organic and acquisitive growth. 

Clover was converted from a co-operative society into a public company in 2003. Subsequent to the conversion, the Clover Group has evolved into a dynamic demand-driven branded consumer products business with attractive growth prospects. As part of its evolutionary process, Clover implemented a capital restructuring on 31 May 2010, which was a milestone in its corporate development and resulted in both economic benefits and voting control vesting in the ordinary shares. In addition, the delinking of the ordinary shares from the milk delivery agreements enabled persons otherthan dairy producers to acquire ordinary shares, facilitating its ability to raise equity capital. Capital scarcity has historically been a key constraint for Clover’s growth and development.