DURBAN - Tiger Brands has agreed to sell its iconic Beacon brand and its related manufacturing equipment as it pulls back from chocolate production.
This includes equipment used to produce chocolate slabs, Easter eggs and assorted products.
Tiger Brands will retain Nosh, TV Bar, Wonder Bar, Black Cat chocolate, and Jungle energy bars as it shifts focus to higher-margin areas like grains, baking, and culinary products.
The sale forms part of a broader portfolio clean-up, which includes the disposal of its Randfontein operations for R282-million and more assets under review.
The strategy is boosting performance as operating income rose to R2.1-billion while revenue edged up to R17.9-billion.
Tiger Brands has also returned R9.2 billion to shareholders since 2024.