Fast-moving consumer goods (FMCG) company Tiger Brands has reopened the process to sell the troubled Langeberg and Ashton Foods (L&AF) deciduous fruit factory in the Western Cape. Spokespeople have confirmed that at least one buyer is currently assessing the plant.
The JSE-listed food manufacturer reaffirmed its intention to sell the plant when it released its interim financials for the period ended 31 March 2023 on Tuesday. The deciduous fruit factory’s future has been hanging in the balance since 2020 when the group first made public its plans to part ways with the business that fell short of offering a viable growth path for the firm.
Tiger Brands says it is committed to running the factory for yet another season, but hopes to have successfully transferred the plant to more enthusiastic hands by the end of May 2024 when the season is scheduled to conclude.
Source: moneyweb.co.za