Premier Foods Buys Ngwane’s Flour Milling Operation in Swaziland
UK-based Premier Foods has taken over the wheat and flour milling operation of Swaziland-based Ngwane Group for ZAR100m.
The Swaziland Competition Commission (SCC) has approved the transaction, subject to certain conditions.
The acquisition is part of the company’s efforts to foray into food manufacturing sector throughout Africa.
Premier Foods CEO Wayne Levendale said, “We are happy that the transaction has come through and we are definitely sure of the benefits for both consumers and the entire Swazi market.
“There is a lot that Premier Foods can bring to the table. In South Africa we are one of the top millers. We have the Iwisa brand of maize, and Snowflake brand of flour.”
The company owns one maize milling facility, five wheat mills and 11 bakeries as well as brands such as Blue Ribbon bread.
Premier Swazi Bakers was formed after acquiring a stake in local bakeries Mister Bread and Swaziland United Bakeries.
Established in 1991, Ngwane Mills is headquartered at the Matsapha industrial park outside Manzini, and produces wheat and maize products for the domestic market.
