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BREAKING NEWS: Jestic bought by South African company

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Jestic is now owned by Universal Industries International.

Jestic Foodservice Equipment has been sold to Universal Industries International, a company controlled by the founding shareholders of Universal Industries Corporation, based in South Africa.

Universal Industries has several foodservice businesses including distributors and manufacturers and is one of South Africa’s leading kitchen equipment suppliers.

Speaking of the acquisition, new MD of Jestic (formerly general manager), Ben Dale enthused: “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.

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“Universal has shared with all the directors its vision for growth and I am delighted that Jestic will provide the perfect platform from which to do this.

“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.”

Dale will report into new Jestic chairman, Wayne Brett. Brett is based full time in the UK and believes Jestic provides the perfect entry point to the European market: “Universal Industries and Jestic Foodservice Equipment have many synergies in common, not least the fact that each are leaders within their field in their respective territories.

“The Jestic portfolio of brands and customers is extremely impressive and I look forward to getting to know each and everyone in the coming months.”

As part of the agreement, Jestic founder and previous majority shareholder, Martin Beesley, will continue in his current role as non-executive director of strategic development in order to provide ongoing support to the management team and shareholders.

The Jestic portfolio includes equipment from brands including Josper, Wood Stone, Sveba Dahlen, Edge, Alfa Pro, Somerset and Vitamix.

Tags : businessbuyoutjesticjestic foodservice equipmentsupplier
Clare Nicholls

The author Clare Nicholls

2 Comments

  1. Wow, what a great opportunity for the Jestic team being coupled up with one of South Africa’s dominant players. I am sure we will start to see some of the many Universal Industries in-house products reaching the UK shores over the coming months. If you are not sure who Universal Industries are then take a look via this web link http://universalindustries.co.za/index.php/pages/contact-regular/
    The only major brand name that I was aware of in South Africa was Macadams International, a company that is about 100 years old and well established in the bakery sector. You guessed it, they are part of the Universal Industries Group. Wishing Den Dale and .the Jestic team a very happy partnership.

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