Tiger Brands

#4063

Rank

$2.65B

Marketcap

South Africa

Country

Leadership team

Mr. Noel Patrick Doyle C.A., CA(SA), F.C.A. (CEO & Exec. Director)

Ms. Deepa S. Sita (CFO & Exec. Director)

Mr. Clive F. H. Vaux CA(SA) (Exec. of Corp. Fin.)

Products/ Services

Consumer Goods, Retail

Number of Employees

1,000 - 20,000

Headquarters

Bryanston, NA - South Africa, South Africa

Established

1896

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

TBS.JO

Social Media

URL

https://www.tigerbrands.com

Overview

Location

Recognition and Award

References

Summary

Tiger Brands Limited engages in the manufacture, marketing, and distribution of consumer goods primarily in South Africa. The company offers baby care products under the Purity brand; bakeries under the Albany and Tinkies brands; and culinary fruit veg products under the Crosse & Blackwell, Benny, All Gold, Spray and Cook, Ice Cap, KOO, Colman's, Black Cat, Mrs H.S. Ball's Chutney, and Hugo's brands. It also provides home care products under the Airoma, Bio Classic, Bio Crystal, Doom, Jeyes, and Peaceful Sleep brands; milling products under the Golden Cloud and Ace brands; rice pasta under the Fatti's and Moni's, Cresta, Tastic, and Aunt Caroline brands; and superfoods under the Ace, Jungle, King Korn, and Morvite brands. In addition, the company provides personal care products under the Dolly Varden, Kair, gill, Lemon Lite, No Hair, Perfect Touch, Protein Feed, Status, and Ingram's brands; and snacks, treats, and beverages under the Beacon, Maynards, Hall's, Sparkles, All Sorts, Oros, Jelly Tots, fizzer, Fizz Pop, Smoothies, Rose's, and Energade brands. Further, it provides out of home solutions and product offerings in various pack formats to franchised restaurant groups, hotel groups, catering groups, airlines, institutions, independent restaurants and coffee shops, independent hotels, game reserves, lodges, and bed and breakfast establishments; and product solutions for the establishment cleaning, pest control, and room air refreshing. The company also exports its products to approximately 25 countries in Africa. Tiger Brands Limited was founded in 1920 and is headquartered in Bryanston, South Africa.

History

Jacob Frankel with help from Joffe Marks founded Tiger Oats Limited in 1921. Tiger Brands Limited was formerly known as Tiger Oats Limited and began as a family business.

Originally known as Tiger Oats, Tiger Brand's first product was a breakfast oatmeal brand called Jungle Oats. Jungle Oats are still produced by the brand. It was first conceived by Frankel towards the end of the 19th century and was finally launched in 1925. Tiger Oat's first mill was opened in Moorreesburg, Western Cape. A second mill was opened in Maitland, Cape Town when demand outgrew the Moorreesburg mill's capacity in 1930. The Moorreesburg mill was abandoned in about 1987. In March 1982 Barlow bought a considerable share of Tiger Oats.In 1988 SPAR South Africa became a wholly owned subsidiary of Tiger Oats, however it was unbundled and listed as a separate company in 2004. During the late 1990s Tiger Oats went through a period of rapid expansion. It bought out other large companies and competitors such as Imperial Cold Storage and Supply Company , a food packaging company and pharmaceutical company Adcock Ingram for R3.4bn in 1999. After the buyouts Tiger Oats was renamed Tiger Brands. In July 2008 Adcock Ingram was unbundled from Tiger Brands.

Tiger Brands Limited's subcompany, Tiger Food Brands Ltd merged with Bromor Foods Ltd, which owns the Super Juice carbonated drink. On 1 October 2009, the company acquired Crosse & Blackwell's mayonnaise business for an undisclosed amount.In 2008 Tiger Brands launched an aggressive expansion program into the rest of Africa. In the process the company bought a controlling stake in a number of food processing businesses in Nigeria, Kenya, Ethiopia, and Cameroon.This included a R1.5 billion purchase of 65.7% in Dangote Flour Mills in October 2012, Nigeria's second largest milling operation. This and other investments in Africa proved to be costly and unproductive. Over capacity in the Nigerian market led to an operating loss of R2.7 billion by the time Tiger sold back the operation to Dangote for a token one US dollar three years later in 2015. Management issues in Tiger's Kenya operations and the collapse of its Mozambican distributor and Deli Foods subsidiary also negatively impacted the company in this period. This led to then CEO Peter Matlare to resign in November 2015 and a reorganisation of its non-South African operations.

Current leadership

Noel Doyle was appointed chief executive officer with effect from 1 February 2020. Pamela Padayachee was appointed acting Chief Financial Officer with effect from 1 February 2020.

Mission

Tiger Brands is committed to delivering superior value to our shareholders, customers and consumers, while acting responsibly and enhancing the development of our people and the communities in which we operate.

Vision

To be the leading South African branded FMCG business, while continuing to create value for all our stakeholders.

Key Team

Ms. Nikki Catrakilis-Wagner (Investor Relations Director)

Mr. N. Joseph Ralebepa (Chief Legal Officer)

Werna Oberholzer (Corp. Communications Director)

Mr. Sarvesh Seetaram (Acting Chief Marketing & Strategy Officer)

Ms. Sinenhlanhla Magagula (Chief HR Officer)

Mr. Thushen Govender B.Com., C.A., M.B.A., BCom (Hons), CA(SA), MBA (UK (Chief Growth Officer - Consumer)

Ms. Mary-Jane Morifi (Chief Corp. Affairs & Sustainability Officer)

Recognition and Awards

Tiger Brands has won numerous awards and accolades including the South African Quality Award, the Global Vision Award, the Leadership in Energy and Environmental Design Certification, the Foodcorp Supplier of the Year Award, and the SAB Miller Sustainable Supply Chain Award. The company has also been ranked as one of the Top 20 companies on the Johannesburg Stock Exchange.