Norfund, the Norwegian investment fund for developing countries, has committed up to $6 million to support the acquisition of Langeberg Foods, one of South Africa’s leading canned fruit producers. The investment is part of a landmark farmer-led takeover of the business, aimed at securing local ownership, preserving jobs, and revitalizing the regional fruit industry.
The acquisition marks the formal exit of Tiger Brands, which first announced its intention to divest from Langeberg Foods in 2020. The new ownership consortium includes Norfund, 90 local farmers, and a newly established community trust, reflecting a strong commitment to inclusive and sustainable economic development.
Anthony Dicey, Chairman of the Ashton Fruit Producers Agricultural Co-Operative, said:
With the sale completed, producers are looking forward to stability in the industry and the prospects of planting new orchards and sustainable growth to the benefit of all in the value chain.
Norfund’s investment will be used to modernize equipment, rebuild export volumes, and strengthen the management team. The newly appointed CEO, Edwin Kriel, and Chairman bring decades of experience in the fruit processing industry and are personally investing in the company, signaling strong leadership and long-term commitment.
Pindie Nyandoro, Norfund’s Regional Director for Southern Africa, said:
This is a unique opportunity to secure jobs and local ownership in a business that is vital to the community and with big growth potential.
Kriel emphasized the company’s renewed vision:
At Langeberg Foods, our goal is to honour South Africa’s proud fruit heritage by delivering world-class quality, driving sustainable growth, and empowering people through a culture of pride and partnership. Ashton is more than just a factory, it’s the heartbeat of a community. This year’s reopening is about creating jobs, uplifting people, and building a stronger, more sustainable future.
Langeberg Foods specializes in canned fruit and purée, with over 80% of its products exported to international markets. The company plays a critical role in South Africa’s agricultural value chain, supporting thousands of jobs and contributing to rural economic development.
The farmer-led acquisition, backed by Norfund, is expected to enhance local resilience, expand production capacity, and unlock new export opportunities, while ensuring that the benefits of growth are shared across the community.
