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Tiger Brands acquires canning firm

Dec 19 2011 10:50 I-Net Bridge

Company Data

TIGER BRANDS LIMITED [JSE:TBS]

Last traded 272.45
Change -3.54
% Change -0.01
Cumulative volume 281289
Market cap 52.28bn

Last Updated: 23/04/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Diversified industrial group Tiger Brands [JSE:TBS] on Monday announced the acquisition of the remaining interests in Langeberg and Ashton Foods.

"An agreement had been reached with Ashton Canning Company to acquire the 33.3% shares in Langeberg and Ashton Foods that are held by Ashton," the company said.

As a consequence of the acquisition, which was effective from October 31, 2011, Tiger Brands, together with its wholly-owned subsidiary, Tiger Consumer Brands will hold 100% of the issued shares in Langeberg and Ashton Foods.

Langeberg and Ashton Foods is a fruit canning business situated in Ashton in the Western Cape and is one of the largest global fruit canners.

The majority of its production is exported to markets in the Far East, Europe and Middle East.
tiger brands  |  food industry
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