Natfoods leases depots to ex-managers

National Foods Holdings (Natfoods) has moved its 60 depots countrywide into a wholesale run by the group's former executives, a company official has said.  

Natfoods CE Mike Lashbrook last week said his group was moving its 60 depots out of the milling and food giant.

This will see Natfoods, which has traditionally used the depots to stock its own products, stock a wider array of products. Gain Cash & Carry is going to be led by two former senior Natfoods executives.

Former Natfoods FD Liberty Murimwa and former sales and distribution director Johnson Gapu are running the venture.

Lashbrook said his company still has a healthy acquisition appetite, hinting there is a transaction the group is working on involving a possible merger.