Bounty is a South African privately held company that is owned 100% by Coast2Coast and its affiliates (“C2C”), a South African based investment group. 

IFC will provide a convertible loan of up to €20 million to support the Company’s acquisition activities.

The Company is looking to acquire food and personal and home care manufacturers in Central and Eastern Europe as well as in South Africa.

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria.

Key E&S risks and issues related to this project include: i) the company’s capacity and systems to manage its social, environmental, health and safety risks and impacts across all aspects of its operations (e.g., raw material sourcing, manufacturing, distribution and transportation) in compliance with legal requirements as well as IFC Performance Standards and World Bank Group (WBG) EHS General and sector-specific guidelines; ii) life and fire safety (L&FS) management and emergency response; iii) assurance of fair, safe and healthy working conditions for its workforce (both employees and third party workers – which is particularly relevant for acquisitions beyond South Africa); iv) occupational health and safety v) resource efficiency (mainly energy); vi) pollution prevention - especially management of hazardous substances and solid wastes, and (in the case of manufacturing) wastewater; vii) stakeholder engagement viii) product safety (includes food safety); ix) vehicular safety / and managing impacts from transportation operations and x) supply chain management.