Tiger Brands divests Langeberg & Ashton Foods, establishes community trust

Tiger Brands Limited has fulfilled all conditions precedent for the sale of its Langeberg and Ashton Foods (LAF) business, with the transaction becoming effective on October 1, 2025. This divestiture sees LAF, a significant employer, acquired by a consortium including Ashton Fruit Producers Co-operative and Norwegian development finance institution Norfund.

As part of the transaction, Tiger Brands has committed ZAR150 million towards establishing a Community Trust. This Trust, focused on socio-economic development, will invest a portion of the funds for a 10% equity shareholding in the newly formed LAF Company, with the remainder funding initiatives in food security, education, youth development, and healthcare. Additionally, Tiger Brands will invest ZAR31 million in an effluent-treatment plant upgrade to ensure LAF’s environmental compliance.