| Type of matter | Parties involved | Tribunal Decision |
|---|---|---|
| Large merger | Merger Alert: Langeberg Foods (Pty) Ltd and Langeberg & Ashton Foods, a division of Tiger Consumer Brands Ltd | Approved with conditions |
The Competition Tribunal has approved, with public interest conditions, the proposed merger in which Langeberg Foods (Pty) Ltd (Langeberg Foods) will acquire Langeberg & Ashton Foods, a division of Tiger Consumer Brands Ltd (the target business). Upon implementation of the merger, Langeberg Foods will have sole control of the target business.
Langeberg Foods is a special purpose vehicle incorporated for the purposes of this transaction.
The target business sells its products under its own branding and through dealer-owned branding. It also sells unbranded products i.e. ingredients. Its products, distributed within South Africa and exported worldwide, include the following:
- Fruit such as peaches, pears, apricots, apples and guavas which are canned to preserve their freshness over extended periods;
- Dried fruit such as peaches and apricots; and
- Fruit purees produced by pulping fresh fruit, concentrating it through evaporation and packaging it into steel drums.
Issued by:
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib
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