# Tiger Brands has announced the sale of its Langeberg and Ashton Foods canned fruit business to a consortium that includes local fruit growers in the Western Cape. The move aims to protect over three-thousand jobs and ensure the business remains sustainable. As part of the deal, the company will invest 150-million-rand in a community trust to support the local Langeberg area. They will also spend 31-million-rand upgrading their environmental facilities. The deal is still subject to regulatory approval and is expected to conclude later this year.
Tiger Brands commits R150-million to community trust in exit deal