DC Foods

DC Foods

Owned by experienced entrepreneurs Adrian Vardy (CEO) and Manie Maritz (MD), DC Foods is a specialist producer of a range of unique frozen fruit-based delicacies which are exported to the USA, Canada, Japan, South Korea, Australia and Europe. The business has won numerous awards at global food shows for its innovative products such as its fruit sorbet in a fruit shell, selling in the USA under the "Island Way" brand. Other offerings include frozen fresh fruit segments, which are especially popular with consumers in Japan.

With 95% of its revenue from exports, DC Foods is well-positioned to exploit the continued growth in global demand for quality frozen desserts and fruits.

Invenfin co-led the sale of DC Foods to a large UK investment consortium in 2023, after initially investing in the business in 2016. With this full exit, Invenfin achieved a 5.2x multiple on capital invested (excluding dividends).

"DC Foods is an exporter of top-quality products adding value to locally farmed fruit. With a strong, global customer base - in particular Costco in the USA - the business is a fantastic ZAR hedge and delivered strong performance under the leadership of founders Adrian Vardy and Manie Maritz. We are proud to have partnered with Adrian, Manie and the team."

- Stuart Gast, CEO Invenfin

"The partnership with Invenfin allowed us to enhance our strategic thinking, expand infrastructure, and strengthen our new product development processes. Invenfin played a critical role in our successful sale of the business."

- Adrian Vardy, CEO DC Foods

Location:
13 Intsimbi Road
Coega IDZ
Port Elizabeth
South Africa