Emerging Markets : Tiger Brands/South Africa - Tiger Brands Pounces In Kenya
COMPANY TO WATCH: TIGER BRANDS/SOUTH AFRICA


Tiger Brands, South Africa’s biggest food producer, is expanding internationally, particularly in Africa and primarily through acquisitions.

The company recently completed the purchase of a controlling interest in HACO Industries, a Kenya-based company with a product distribution network in the 21-nation Common Market for Eastern and Southern Africa (Comesa), home to 385 million consumers.

HACO sells a wide range of consumer goods, including household cleaners, fabric softeners, stationery, pens and cosmetics. It plans to produce more products locally and to venture into new businesses with the help of Tiger Brands. The South African company manufactures canned and ready-to-eat foods, such as breakfast cereals, salty snacks and baked goods.

Tiger Brands is a leading grain trader and owns 74% of Sea Harvest, a hake fishing business. In 2006 Tiger Brands acquired the South African sugar confectionery business of Switzerland-based food company Nestlé.

Tiger Brands’ shares are listed on the JSE Securities Exchange, formerly the Johannesburg Stock Exchange.


Gordon Platt
 

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