News last update:6 Aug 2012

KAP to aquire equity in Brenner Mills

Diversified industrial group KAP has entered into a heads of agreement to acquire 60% of the equity in Brenner Mills Ltd for a cash consideration.

The proposed transaction will see the marriage of two of South Africa's iconic food brands being KAP's "Bull Brand" and Brenner's "Shaya" maize meal. The merger will expand the basket of retail food offerings within the KAP stable to be distributed through the complementary market channels of Bull Brand and Brenner.

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