Rainbow lines up name change

The company owns integrated chicken business Rainbow Farms, which is South Africa’s largest producer and incorporates the Epol animal feed business. It also owns Vector Logistics, a third-party logistics service provider. Rainbow diversified its product range when it acquired 64,2% of Foodcorp on 29 April through its subsidiary Capitau Investment Management. On 1 July, Rainbow increased its stake in Foodcorp, the maker of Yum Yum peanut butter, Dogmor dog food, Glenryck canned fish and Nola mayonnaise, to 88,1%, paying R393 million for the 23,9% stake. Rainbow said the Foodcorp acquisition would help counter the cyclical nature of the chicken industry.