THE O&L group has acquired a majority stake in Hartlief, the 173-year-old company announced this week.
Sven Thieme, Executive Chairman of the O&L Group, said that by acquiring a majority stake in Hartlief, the O&L Group is taking the next step in fulfilling its 2025 vision of being a catalyst for positive change, by investing into the future and delivering new realities for Namibia at large.
“This investment allows us to consolidate opportunities within Hartlief and Windhoek Schlachterei, so doing enabling Namibia to compete with the best in the world and bringing Namibian goodness to SADC and beyond,” Thieme said.
Hartlief has a 7 decade track record, while Windhoek Schlachterei, established in 1973, is part of the O&L Group which recently celebrated a centenary of value adding in Namibia.
The announcement follows approval from the Namibian Competition Commission (NaCC) on a bid submitted by O&L to acquire the shares currently held by Christo van Niekerk, Chairman of the Hartlief Group.
Giving his views on the merge, Van Niekerk stated: “This merger allows for continuity and growth of the Hartlief Corporation Limited Group. Just like Hartlief, the O&L Group is a proudly Namibian entity which shares similar values and beliefs to those we have held over the years of growing Harlief in Namibia. I trust that this will allow for the realisation of unique synergies between these two long standing Namibian businesses to the benefit of not only the shareholders and employees, but also of the Namibian nation as a whole.”
Thieme further stated that in growing the economy, Namibians have to build strong companies that can be competitive in the Southern African region, thereby accessing more than 300 million potential consumers.
O&L Group CEO, Wessie van der Westhuizen, echoed Thieme’s sentiments.
“In line with our purpose of creating future, enhancing Life, O&L wants to create the next Namibian opportunity for manufacturing, value adding, and job creation, which requires that we consolidate and build sustainable scalable Namibian operations that are able to compete in the global market. We have to go beyond borders in order to secure economic growth, and what better opportunity than to build forth on what Namibia is already known for, our quality meat,” he said.