South Africa: Norfund invests in canned fruit processor
Norfund is investing up to $6 million in Langeberg Foods, a major canned fruit producer in South Africa.
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Norfund is investing up to $6 million in Langeberg Foods, a major canned fruit producer in South Africa, to support a local farmer-led takeover of the business.
Langeberg Foods is being acquired from Tiger Brands, which first announced its exit intentions in 2020. The new ownership group consists of Norfund, a consortium of 90 local farmers, and a newly established community trust.
“With the sale completed, the producers are looking forward to stability in the industry and the prospects of planting new orchards and sustainable growth to the benefit of all in the value chain,” said Anthony Dicey, chairman of Ashton Fruit Producers Agricultural Co-Operative.
“This is a unique opportunity to secure jobs and local ownership in a business that is vital to the community and with big growth potential,” said Pindie Nyandoro, Norfund’s regional director for Southern Africa.
The investment will be used to upgrade equipment, rebuild export volumes, and strengthen the management team. The new CEO and chairman both bring decades of experience in the industry and are investing their own capital in the company.
“At Langeberg Foods, our vision is to honour South Africa’s proud fruit heritage by delivering world-class quality, driving sustainable growth, and empowering people through a culture of pride and partnership. Ashton is more than just a factory; it is the heartbeat of a community, and this year’s opening is about creating jobs, uplifting people, and building a stronger, more sustainable future,” says Edwin Kriel, the new CEO of Langenberg Foods.
Over 80% of Langeberg Foods’ products – canned fruit and purée – are exported to international markets.
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