South African food and healthcare company Tiger Brands has completed the sale of its dairy business DairyBelle.
Go deeper with GlobalData
The dairy unit has been snapped up by a consortium of investors including the management and staff of DairyBelle.
Commenting on the sale, Nick Dennis, CEO of Tiger Brands, said: “Tiger Brands has agreed to the disposal of DairyBelle as the dairy business is not a strategic core business for us. Furthermore, we envisage that DairyBelle’s potential as a significant player in the dairy industry can be better maximised as an independent dedicated dairy company.”
The deal was originally announced on 21 February. The Competition Tribunal has approved the acquisition, which will be effective from 28 April.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
