Tiger Brands passes the fruit to growers in Langeberg & Ashton Foods sale

Tiger Brands passes the fruit to growers in Langeberg & Ashton Foods sale

Tiger Brands has announced the sale of Langeberg & Ashton Foods to a consortium led by local fruit growers for a nominal sum of R1.

South Africa’s biggest food producer to sell canned fruit business for one rand

Key PointsTiger Brands to sell Langeberg and Ashton Foods for 1 rand to a local consortium, refocusing on core South African operations.The deal includes $8.3 million community trust and a supply agreement for Tiger’s KOO brand to ensure continuity and local benefits.Tiger Brands stock up 5% in 2024 as it exits non-core assets and posts R3.06 billion ($163.2 million) profit amid strategic restructuring.Tiger Brands Limited, the Durban-based pack…