Sabcap expands pet industry footprint through Valemount Investments

Sabvest Capital [JSE: SBPE] announced that Valemount Trading, in which Sabcap holds a 39.31% interest, is undertaking significant expansion initiatives within the pet industry. Valemount, a pet food manufacturer and distributor, has relocated to a new ZAR 160m production facility and acquired several businesses, including Ourebi Trading Proprietary Limited, Commix Proprietary Limited, and Complete Pet Foods Proprietary Limited. Discussions have also commenced for acquiring a UK-based cat food business. Sabcap has committed an initial funding line of up to ZAR 200m to facilitate these expansions. Valemount is a major growth investment in Sabcap's portfolio, and Sabcap intends to increase the scale of its investment as circumstances permit.