Tiger Brands gets Mrs Ball's
UNILEVER South Africa and Tiger Brands announced this week that they have concluded an agreement in terms of which Unilever will dispose of the Mrs Ball's Chutney brand to Tiger Brands Limited.
The transaction is subject to Competition Commission approval.
Dickon Hall, the current manufacturing partner for the Mrs Ball's retail products and a wholly owned subsidiary of Libstar (Pty) Ltd, will serve as Tiger's manufacturing partner for the business.
In the event of approval by the competition authorities, the purchase price will be R475m excluding inventories.
Turnover for the brand last year was R189m.