What we do: Meridian Group (Pty) Ltd provides distributes fertilizer, coupled with the trading of agricultural commodities in Malawi, Mozambique, Zambia & Zimbabwe. Meridian distributes around 240,000 tons of fertilizer per year throughout SADC. The volumes are expected to increase by 50% in the medium term which is expected to result in an increase staff numbers.
Ownership & Management: Meridian Group is majority owned by its founders and Phatisa (private equity firm) has a minority stake in the company. Phatisa indicated that it was attracted to the company’s strong competitive position, quality management, and successful initial expansion.
Key financial indicators: Not provided. At an average of 8kg per hectare, fertilizer usage in sub-Saharan Africa is significantly lower than the world average of 117kg per hectare. The South African average is 51kg per hectare. This reflects the potential growth that the Meridian group sees in the African region.
Track record: Meridian Group is a well-known trader of agricultural commodities in Malawi, Mozambique, Zambia & Zimbabwe. Phatisa invested in the company in September 2014 through its African Agriculture Fund.
Contact details: Website: firstname.lastname@example.org Website: http://meridianconsolidated.com
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