STORY: "Business as usual" after Jestic is sold

‘Business as usual’ after Jestic sold

Jestic Foodservice Equipment has announced the sale of the business to Universal Industries International Ltd, a company controlled by the founding shareholders of Universal Industries Corporation (Pty) Ltd, based in South Africa.  Universal Industries (Pty) Ltd has several foodservice businesses including distributors and manufacturers and is one of South Africa’s leading kitchen equipment suppliers.

Speaking of the acquisition, new Jestic managing director (formerly general manager), Ben Dale, says: “This is a very exciting next stage in the growth of Jestic Foodservice Equipment and one which is extremely positive for our current customer base. Universal has shared with all the directors their vision for growth and I am delighted that Jestic will provide the perfect platform from which to do this.”

He added: “It is extremely important to stress that the existing management team and board of directors including Steve Morris, Michael Eyre, Neill Pearson and myself will be continuing with the business and therefore, for both our current customers and suppliers, this is very much business as usual.”