RCL Foods concludes deal to buy Sunshine Bakery
Sunshine bakery, which is indirectly majority-owned by Afgri Group, is one of SA’s largest independent baking businesses
26 July 2022 - 13:54
RCL Foods announced on Tuesday that it had concluded an agreement for the acquisition of Sunshine Bakery from Afgri Group Holdings, in a move set to increase bread volumes in the RCL Foods baking network by 28%.
The Sunbake brand has been supplying baked goods to the food-producing giant with market capitalisation of more than R9.8bn on the JSE for more than a decade...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.