# RMB Ventures leads buy-out of Universal Industries Corporation

RMB Ventures, together with RMB Corvest, Mineworkers' Investors Company, and management, completed a full buy-out of Universal Industries Corporation, a South African manufacturer of commercial food preparation and storage equipment.

- Type: Acquisition
- Announced: 2017-05-23
- Where: South Africa
- Status: completed
- Products: commercial food preparation equipment, storage equipment, refrigerated display cases, hot display cases, commercial ovens, commercial kitchen appliances, kitchen utensils, industrial cookware
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [RMB Corvest](https://endata.com/companies/11708.md) (acquirer)
- [RMB Ventures](https://endata.com/companies/24455.md) (acquirer)
- [Mineworkers' Investors Company](https://endata.com/companies/24456.md) (acquirer)
- [Universal Industries Corporation](https://endata.com/companies/24457.md) (target)

## Sources

- [biznews.com](https://www.biznews.com/africa/rmb-investment-opportunity), 2017-05-23: "RMB Ventures together with sister private equity company RMB Corvest, a BEE partner, private equity company the Mineworkers’ Investors Company, and management successfully finalised the complete buy-out of Universal Industries Corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.