Tiger Brands sells value-added meat business

File: Tiger Brands has sold its value-added meat business to Country Bird Holdings in a deal worth more than R300-million. Gallo/Felix Dlangamandla

JOHANNESBURG - Tiger Brands has finally sold its value-added meat business to Country Bird Holdings.

It’s a deal worth more than R300-million.

The agreement includes processing plants in Germiston, Pretoria and the Polokwane factory where Enterprise polony is made.

READ: Listeriosis outbreak still haunts Tiger Brands

The facility was identified as the origin of the deadly listeria bacteria outbreak in 2017.

Tiger Brands will however not escape a class-action damages claim relating to the listeriosis outbreak.

The sale contract stipulates that the consumer brands company will still be responsible for damages.

Source
eNCA