Bidvest 3663

Bidvest Logistics has fully integrated PCL into its business.

The company acquired PCL - a specialist chilled products storage and distribution business - in July last year. It has the option to increase its interest in the business “over time”.

Releasing its half-year accounts this week, parent company Bidvest Group said its UK-based business Bidvest Logistics showed “continued growth” during the period.

The accounts also revealed its Bidvest Fresh arm acquired Irish fresh and frozen supplier McKenna fish Sales in November and would now focus on expanding produce and meat.

It had achieved “pleasing results” in the half-year, buoyed by good contributions from Seafood and Oliver Kay, it said.

Bidvest 3663’s sales rose 23.6% to 23.9bn rand (£1.3bn) in the six months to 31 December 2014. It also notched up a 44.9% increase in profits to 521.5m rand (£28.9m).