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.