As part of its expansion drive outside the UAE and greater GCC, Mohebi Logistics has just announced its partnership with South Africa’s Thebe Investment Corporation to acquire an 80%-percent equity interest in the company’s Gourmet Fresh brand.
Established in 2006, Gourmet Fresh has grown from a dedicated fruit and vegetable supplier to a company supplying and distributing a wide range of products that include dairy, groceries, bottled water, juice and frozen meats. Gourmet Fresh currently operates in Cape Town, Durban, Johannesburg and Port Elizabeth.
By working closely with Thebe (under a new entity to be called Thebe Mohebi), Mohebi Logistics will leverage its experience to introduce best logistics practices in food distribution for the benefit of the South African market first – and other African countries at a later stage.
See the full story by viewing the CNBC Africa interview with Mohammed Mohebi, Chairman & CEO of Mohebi Investments and Jerry Mabena, CEO of Thebe’s Services Division. Click here for the video