Brimstone Investment Corporation made a $359 offer for Clover Industries.

Brimstone Investment Corporation, an investment company incorporated and domiciled in the Republic of South Africa, made a $359 offer for Clover Industries, a branded foods and beverages group, listed on the main board of the Johannesburg Stock Exchange. The proposed deal offers a 25% premium to Clover’s closing share price on Friday. Brimstone believes that Clover presents a uniquely attractive investment given its expansive chilled distribution capability, strong market position for key brands and an experienced management team.