# Tiger Brands has sold its canned fruit division, Langeberg and Ashton Foods, for a symbolic one-rand to a consortium comprising the Ashton Fruit Producers Co-operative and a development finance institution. The sale includes a 150-million investment in a community trust holding a ten-percent stake in the new company, aimed at supporting local socio-economic development. Tiger Brands will also invest 31-million-rand to upgrade the facility’s effluent plant to meet environmental standards. The company will continue to source KOO-branded canned fruit from the new entity.
Tiger Brands sells its canned fruit division, Langeberg and Ashton Foods