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Acquisition of Sunshine Bakery by RCL Foods

Home Business Management Finance & Investment Acquisition of Sunshine Bakery by RCL Foods

RCL Foods has concluded an agreement for the acquisition of Sunshine Bakery Holdings Proprietary Limited, a Company indirectly majority-owned by AFGRI Group Holdings.

Established in 2005, Sunshine Bakery, based in KwaZulu-Natal, is one of South Africa’s largest independent baking businesses. It serves a diversified customer base in the formal retail and general trade channels, through two regional bakeries in Durban and Pietermaritzburg, as well as various depots across the province.

The acquisition of Sunshine Bakery will increase bread volumes in the RCL Foods Baking network by 28%.

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