Tiger Brands - Announcement
Tiger Brands Limited
ISIN: ZAE000023560
Share code: TBS
NEWS RELEASE
Tiger Brands Limited today announced that The Competition Tribunal has
approved the acquisition of Robertsons Homecare (Pty) Limited and Robertsons
(Pty) Limited. The latter owns the majority of the trade marks used by the
Robertsons Homecare business. The acquisition is thus effective from 1st
December 2002.
The acquisition is in line with Tiger Brands` strategic focus on branded
consumer products and provides entry to attractive new markets. The
Robertsons Homecare business has well established leading brands in the
insecticides and airfreshener markets.
Brands include Doom, Fastkill, Airoma, Dy-range, Rattex and Peaceful Sleep.
The Flush Clean and the ICU ranges of household cleaners are also included
in the acquisition.
Tiger Brands` Chief Executive, Nick Dennis, noted that this is an important
acquisition for Tiger Brands. "The acquisiton enhances our existing basket
of branded consumer products with leading brands in markets where Tiger
currently has little or no presence. It will also provide further growth
potential through exports", he said.
Ends
Date: 7th November 2002.
For further information: M C NORRIS
Exec. Director, Tiger Brands and CEO of Adcock Ingram
Telephone: (011) 709-9488
Date: 07/11/2002 02:08:51 PM Produced by the JSE SENS Department
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