One Thousand & One Voices’ growth capital investment will accelerate the trajectory of The Rosehip Company’s international expansion and support its evolution from a wholesale commodity supplier to a producer of consumer-packaged goods
One Thousand & One Voices (1K1V), a private family capital fund backed exclusively by industry-leading families from around the globe, today announced its growth capital investment in The Rosehip Company, an export-focused healthy food company situated in the Kingdom of Lesotho. The 1K1V investment will increase the company’s production capacity and broaden its international footprint.
“The Rosehip Company plays a critical role in stimulating the struggling Lesotho economy, by directly employing up to 120 people, indirectly employing approximately 4,500 individuals and financially supporting in excess of 30,000 people annually,” said Hendrik Jordaan, President and CEO of One Thousand & One Voices. “We are proud to invest in a company that supports rural communities across Lesotho, a region that stands to benefit from job creation.”
“We see great business expansion potential and opportunities to enhance our strategy and operations arising from 1K1V’s investment of Three-Dimensional Capital in our company,” added Herman Nieuwoudt, CEO of The Rosehip Company. “Its deep connections with global consumer brands within the retail, and healthy food industry will create value for our company and our community well in excess of the financial capital investment.”
This transaction represents 1K1V’s sixth investment within the healthy foods industry, expanding its portfolio in this arena which includes Redsun Dried Fruit & Nuts®, a raisin processor located on the banks of the Orange River in the Kalahari Desert; Beefmaster®, a branded beef producer and exporter; SanLei®, a specialist aquaculture business headquartered in the Kingdom of Lesotho; RTE Snacks, a producer of healthy, ready-to-eat trail mix products and Made by TRUE, a healthy protein snack foods company based in Texas, amongst others. In addition, 1K1V is also invested in Higher Education Partners South Africa, an integrated provider of online program management services to leading tertiary educational institutions in South Africa as well as Pay@, a leading payments service provider.
The Rosehip Company was established in 2006. It sources and processes Rosa Canina (Rosehip) to produce both Rosehip tea and Rosehip oil from the Rosehip shell and seed, respectively. Rosehip tea is sold to tea traders across Europe, while Rosehip oil is exported to Asia and Oceania for skincare products, the largest category in the global cosmetics industry.
Rosehip is a rare fruit growing wild only in Lesotho, Romania and Chile—thereby creating a competitive ‘moat’. Herbal tea is a growing global industry and Rosehip forms the base of multiple herbal tea blends. Tea is the second most consumed beverage worldwide after water.
The wider skincare industry is undergoing a period of transition away from low-cost, traditionally formulated products towards niche and premium segments using organic ingredients such as Rosehip oil. The organic personal care market was valued at $12.2 billion in 2016 and is estimated to reach a value of $21.1 billion by the end of 2021.
For more information, visit either 1k1v.com or rosehipco.com.
