Clover Industries Limited ("Group" and/or "Clover") is a branded foods and beverages group, listed on the main board of the Johannesburg Stock Exchange as of 14 December 2010.
The Group produces and distributes (both for itself and other FMCG companies) a diverse range ofdairy and consumer products to customers and consumers through one of the largest and most extensive distribution networks in South Africa (more specifically the second largest chilled distribution network).
Clover was converted from a co-operative society into a public company in 2003.
Clover implemented a capital restructuring on 31 May 2010, which was a milestone in its corporate development and resulted in both economic benefits and voting control vesting in the ordinary shares. In addition, the delinking of the ordinary shares from the milk delivery agreements enabled persons other than dairy producers to acquire ordinary shares, facilitating its ability to raise equity capital. Capital scarcity has historically been a key constraint for Clover's growth and development.