Tiger Brands considers disposing of value-added meat business

The company is still dealing with the fallout of 2018’s deadly listeriosis outbreak, saying on Friday the business was not an ideal fit in its portfolioA billboard promoting Enterprise Polony, at the Tiger Brands factory in Polokwane, Limpopo. Picture: ALAISTER RUSSELL / THE SUNDAY TIMES

SA’s largest food producer, Tiger Brands, is considering disposing of its value-added meat products business , saying on Friday it had determined it was not an ideal fit in the business. The company had already received a number of offers for the business, the owner of the Enterprise, Bokkie and Oros brands said on Friday.

A listeriosis outbreak in 2018 had left about 200 people dead, leading the company to recall its processed meats and close four meat processing facilities. Its share price had also plunged 40% in 2018, falling a further 11.7% in 2019.Tiger Brands said on Friday the Vamp business had previously been earmarked for evaluation, but the temporary closure of facilities due to the outbreak had delayed this.

“With the business having reopened at the beginning of the 2019 financial year, the board considered it appropriate to initiate the review, which confirmed that the Vamp business was not an ideal fit within the Tiger Brands portfolio and that consideration be given to exiting the category by way of a disposal,” the statement read.

So...does 'value added meat business'...means codeword for 'listeriosis infested meat business'..which has now become a rope around their necks..asking for a friend

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Black Friday faux pas – forgetting the customer experience | IOL Business ReportThe brands that achieve the most success on Black Friday are the ones that go out of their way to consider the customer experience.
Source: IOL - 🏆 46. / 51 Read more »

The HUAWEI WATCH GT 2 adds a digital makeover to the traditional watch | IOL Business ReportThe HUAWEI WATCH GT 2 adds a digital makeover to the traditional watch
Source: IOL - 🏆 46. / 51 Read more »

It's pleasing to see investors consider South Africa - Ramaphosa | IOL Business ReportRamaphosa was delivering an opening address at the second South Africa Investment Conference in Johannesburg.
Source: IOL - 🏆 46. / 51 Read more »

State looting not possible if businesses aren’t complicit – Business Leadership SA CEOBusisiwe Mavuso said she was confused as to why businesses were seen as an 'untouchable' force and were not held accountable for state looting.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Why transformation in the car industry is good for businessThe wise and consider intervention of the Automotive Industry Transformation Fund comes at a critical time
Source: BDliveSA - 🏆 12. / 63 Read more »