Briefcase: South Africa business extracts
Endeavor Group acquires Empire Hotel
The Empire Hotel in Kilburn has been bought by ASX-listed Endeavor Group for $11.5 million.
Sold through an off-market EOI process, JLL Hotels says the freehold pub has attracted bids from local publicans and several interstate hotel groups looking for a first asset in Adelaide’s growing hotel market.
The Prospect Rd Hotel is approximately 7km north of Adelaide CBD, sits on a 7604m² block and has 33 gaming machines, a bar, bistro and bottle shop driving.
Endeavor Group, formerly ALH Group, spun off from Woolworths Group last June in one of the biggest splits in Australian history, creating a company with a market capitalization of over $10 billion.
The group also includes well-known liquor retailers Dan Murphy’s and BWS.
Other national hotel groups such as Black Rhino and Australian Venue Co have purchased South African pubs in the past two years.
JLL says interstate investors continue to identify value in the SA market following changes to gaming laws.
“Real value has been identified in the South Australian hotel market, where recent legislative changes and a stable business environment, less disrupted by COVID, have caught the eye of interstate capital alongside a group of parties tightly held local stakeholders,” said John, Managing Director of JLL Hotels. Musca.
Southern Launch partners with German rocket company
Leading European launch service provider Rocket Factory Augsburg has teamed up with South Australian rocket launch facility provider Southern Launch to launch its 30-meter rockets from the Eyre Peninsula.
The partnership allows the German RFA ONE launch vehicle to be launched from Southern Launch’s Whalers Way Orbital Launch Complex in South Australia.
The agreement, signed this month, will allow RFA to provide flexible, inexpensive and precise launch services with its RFA ONE from a regional spaceport in the Asia-Pacific region.
RFA ONE is a small three-stage rocket with a highly efficient staged combustion engine and an orbital stage capable of carrying up to 1,350 kg to a 300 km polar orbit.
The rocket is 30 meters high and 2 meters wide and is expected to be launched up to fifty times a year in the future, delivering satellites into near-Earth orbit quickly and reliably at a very competitive price.
The first engagement between RFA and Southern Launch took place at the International Astronautical Congress in Washington in 2019, and the parties are now very pleased to have finalized and signed a Launch Services Agreement at the Global Space Convention. space and technology in Singapore.
RFA Chief Commercial Officer Jörn Spurmann says launching from South Australia enables it to offer launch services in the Asia-Pacific region and marks a central step in its distributed launch capability strategy to the global scale.
“With various launch sites around the world, we minimize logistics and time constraints for our customers and lay the foundations for the infrastructure for a weekly launch cadence,” he said.
“Southern Launch offers a comprehensive and competitive service to launch our rockets. We couldn’t have asked for a better partner.
KI Spirits launches a new distillery
Kangaroo Island Spirits has officially opened its new cellar door and $3.5 million production facility in Cygnet River.
The facility includes the installation of a 1,800 liter steam still which will see the Kangaroo Island site produce up to 3,000 liters of gin per week, as well as a 4,500 liter whiskey still. This will produce 1,200 liters of spirits each week, making Kangaroo Island Spirits the largest whiskey distillery in South Australia.
The project received a $500,000 grant from the SA Tourism Commission.
The distillery was started by Jon and Sarah Lark on the island in 2006 but was sold to listed company Mighty Craft in 2020.
The company also owns the SA brands 78 Degrees, Mismatch Brewing and Hills Cider.
Mighty Craft managing director Mark Haysman said the new facility and cellar door at Kangaroo Island Spirits heralds a new chapter in the distillery’s 16-year history and will attract tourists and business opportunities at Kangaroo Island.
“With the addition of a range of exciting and immersive tasting experiences and a new Spirits Academy on the island, our vision is to attract additional visitors, take part in a wider range of events, to create new jobs for the inhabitants and to increase our capacity for innovation. and excellence,” he said.
“Thanks to the support of the South African government, Kangaroo Island Distillery is now poised to become one of Australia’s most iconic experiential distilleries, attracting worldwide attention and visitation and contributing to the economy. at large.”
The branding and packaging of KIS products has also been overhauled, including the addition of “Est 2006” to each label to acknowledge its claim to be Australia’s first dedicated gin distillery.
Increased Maggie Beer Profits
Publicly listed Maggie Beer Holdings reported a first-half profit of $5.5 million following a huge spike in sales.
The company which includes SA Maggie Beer, Paris Creek Farms, Melbourne-based St David Dairy and recently acquired Hampers and Gifts Australia brands increased sales 133% to $64.5 million for the half year compared to the half year ending December 31, 2020.
The group’s large e-commerce business accounted for almost 60% of total net sales for the half due to an increase in online trading over the Christmas period for its Maggie Beer Products and HGA divisions.
MBH CEO and Managing Director, Chantale Millard, said half had seen the integration of the HGA business into the group successfully and on schedule, allowing the company to diversify its revenue and gross margin between e-commerce, grocery retail and restaurant.
“As a group, we have strategically invested in continuing to grow our sales and market share and invested in ensuring our e-commerce customers have a great online experience and fast deliveries over Christmas,” said she declared.
The company was listed as a technology company in 2004 and entered the food and beverage sector in 2016 when it bought a 48% stake in Maggie Beer Products.
It takes over the biodynamic dairy company SA B.-d. Farm Paris Creek in 2017 and Saint David Dairy in Melbourne in 2018 before acquiring the remaining 52% of Maggie Beer in 2019 and changing its name from Longtable Group to Maggie Beer Holdings last year to better reflect its core brand.
Barossa Valley foodie icon Maggie Beer remains involved with the company as a non-executive director and brand ambassador.
Beer’s career in the food industry spans more than 40 years, starting as a farmer at Pheasant Farm in the Barossa in 1979, which led to a farm shop and soon after a acclaimed restaurant. national, followed by a commercial food production company, Maggie Beer Products.
SA Telstra Business Award winners announced
Six South Australian companies have been honored at the Telstra Best of Business Awards 2022, which celebrates small and medium-sized businesses.
House Inspect Australia won the Accelerating Women Award.
While operating as a one-stop home inspection business known for its customer-focused results in building and pest inspections, House Inspect Australia has focused on the gender gap and been a champion for women in the industries in which they operate.
The Australian Native Food Co. won the Building Communities award.
Australian Native Food Co. sources its products from local suppliers only, with profits made from this venture being invested back into the community through literacy and numeracy programs.
Adelaide-based company Big Shed Brewing won the Promoting Sustainability award.
Founded by home brewers Craig Basford and Jason Harris as a passion project in 2006, Big Shed Brewing has grown into a well-known and thriving craft brewery with a bar and restaurant in Royal Park.
Container Deposit Systems won the Embracing Innovation award.
By using technology to build a revolutionary, semi-automated system, Container Deposit Systems is helping to increase productivity at recycling deposit facilities, enabling 75,000 Australians to return 20 million containers for recycling per week to avoid ending up in the landfill.
The Championing Health Award went to Clinic Mastery, a commercial training company for allied health professionals.
Michael Ackland, director of the Telstra Consumer and Small Business Group, said the SA winners of the 2022 Telstra Best of Business Awards were outstanding examples of small and medium-sized businesses whose ingenuity and resilience have led them to thrive in these difficult times. .
“Every business is an inspiration in their own right, and it’s a privilege to be able to celebrate the incredible impact these winners have had on the customers and communities they serve,” he said.
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