Executive Summary
Libstar was founded in 2005 to acquire and grow operations in the consumer packaged goods (CPG) industry. Today the Group has become a leading producer and marketer of quality products to South African and global markets.
The Group has a significant portfolio of more than 9 000 products, with 89% of revenue generated from food. These products range from fresh produce to pre-packaged meals. Over the years, Libstar has acquired small to medium-sized businesses that demonstrate strong management drive and high-quality operations and provided a platform for these businesses to grow through the provision of working capital and investment in infrastructure that builds manufacturing capability and capacity.
Client Profile
Year Founded: 2005
Headquarters: Cape Town, South Africa
Industry: Producer and distributor of quality products and brands for the consumer packaged goods industry.
Solution
All treasury functions are processed using a world-class Treasury Management System (TMS) to schedule, control, store and report on all FX, cash forecasting and other market operations, providing a much more functionally rich, robust and secure technology platform than is possible with spreadsheets.
The TreasuryONE team works in partnership with the Libstar team to fulfil treasury management requirements, in full compliance with their documented treasury policy.
“Libstar is taking advantage of our treasury outsourcing service to enjoy all the cash and risk management benefits of professional treasury management, at a fraction of the cost and risk of setting up and running an in-house treasury function. I am delighted to welcome Libstar to the TreasuryONE prestigious client community. We are looking forward to working with them as their treasury management needs grow and diversify into the future.”
Hennie de Klerk, Founder and CEO of TreasuryONE