Seaboard Overseas and Trading Group has concluded the purchase of 49% of Paramount Mills in South Africa.

Paramount is an industrial milling operation, comprising of Paramount Mills being a wheat milling and maize milling operation and Prize Mills a leading branded biscuit manufacturer.  The operation is situated in the coastal City of East London, from where is distributes approximately 12,000 tons of manufactured product throughout the country on a monthly basis.  The partnership group is management and members of the Spanjaard family including Bruce Spanjaard, Managing Director.