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Tiger Brands, Pioneer on the prowl

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Two of South Africa’s largest food companies, Tiger Brands and Pioneer Foods, are on the prowl for acquisitions.

Pioneer has a bullish and confident view on acquisitions while Tiger has acquisitions cautiously and almost warily on its radar for now, the key issues for the company are getting back to basics and getting the most out of its existing assets.

On the other hand, Rhodes Food Group, a smaller rival of Tiger and Pioneer, is a local food company that has completed two acquisitions: dry-packed food company Pakco, its largest to date, worth a total of R390 million; and Ma Baker, a pies and pastries maker.

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