Tiger Brands to sell processed meats units for $24.6mn

Food producer Tiger Brands has entered into two separate sale agreements for its processed meats units for R428 million, it said on Monday.

Molare Proprietary Limited will buy the abattoir business at Olifantsfontein while the meat processing factories at Germiston, Polokwane and Pretoria will be acquired by Silver Blade Abattoir Proprietary Limited, a wholly-owned subsidiary of Country Bird Holdings.