Zambeef Products Plc, a Zambian company involved in the production, processing, distribution, and retailing of various food products, has announced a group restructuring aimed at streamlining its operations. The restructuring will involve rationalizing the company's six Zambian entities, eliminating unnecessary complexities and duplications of business processes. The restructuring is expected to take at least six months to complete, after which two subsidiaries, Zambeef Retailing Limited (ZRL) and Master Pork Limited (MPL), will become dormant. There will be no changes to the company's overseas subsidiaries in Nigeria and Ghana.
In addition to the restructuring announcement, Zambeef also revealed that its Nominated Adviser and Broker on the AIM Market of the London Stock Exchange, finnCap Ltd, has changed its name to Cavendish Capital Markets Ltd following a corporate merger.
Zambeef Products Plc is the largest integrated cold chain food products and agribusiness company in Zambia and one of the largest in the region. It is involved in the production, processing, distribution, and retailing of beef, chicken, pork, milk, dairy products, fish, flour, and stock feed. The company operates 236 retail outlets throughout Zambia and West Africa. It has five beef abattoirs, three feedlots, and the largest pig abattoir and pork processing plants in Zambia. The company also has a significant presence in the cereal row cropping sector, with large areas of land under irrigation and rainfed/dry-land crops.
Overall, the group restructuring is expected to simplify and optimize Zambeef's operations, leading to improved efficiency and effectiveness in its business processes.