Woolworths Extends its Competitive Advantage in premium Food Retailing, With Acquisition of in2foods
Woolworths Holdings Limited (WHL) announced today its intention to acquire 100% of the shares in privately-owned prepared foods manufacturer in2food, from the founders, Old Mutual Private Equity (part of Old Mutual Alternative Investments Proprietary Limited), and other exiting shareholders. in2food is a South African based, market-leading supplier of high-quality convenience foods and one of Woolworths