Capespan invests in Good View Group in Hong Kong
In his announcement, Capespan managing director Johan Dique said, “The Far East has the best growth opportunities in our global markets. Our investment in GVG is expected to greatly enhance our expansion capacity into these markets and support its transformation into a leading corporate enterprise in fresh fruit and vegetable supply in the region.
GVG has strong and direct access to an extensive variety of fruit and vegetable sources. It maintains a wide range of well-established distribution channels into customers such as prestigious hotels, food caterers, airlines, supermarkets, wholesalers and other retail markets.
GVG is a prominent, independent market leader in Hong Kong and Macau’s fruit and vegetable wholesale market and a value added supplier of fresh juice, fresh-cut and pre-packed products. GVG has a proven and successful business model of achieving substantial growth and scale, a broad supplier base, good client networking and a reputation of identifying and realising growth opportunities.
Dique said the mutual benefits from future synergies between Capespan and GVG are exciting.
“Apart from opening up a wider distribution channel of downstream customers in the food service sector for Metspan, a broader channel into smaller retailers and wholesalers will be established.”
“Capespan adds a wide spectrum of well-known brands and global sourcing capabilities into Good View Group’s portfolio”, said KT Chiu, CEO of Good View Group.
“The future co-operation will be bright and promising.”
Metspan will also be able to market and distribute a value-added cut fruit range under the “Cape” brand in Hong Kong, whilst utilising GVG’s market penetration of high-visibility food service customers to build both the “Cape” and “Outspan” brands.
In turn, it is expected that GVG will be provided with the international procurement expertise, infrastructure and footprint of the Capespan Group to source product from various global sources and develop contract farming projects collaboratively to better service client needs.
For more information:
Tonie Fuchs
Tel: +27-021-917-1700
Email: tonie@cgl.co.za