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.
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.