Business Report Companies

KAP buys into Brenner Mills

Published

KAP International has entered into an agreement to acquire 60 percent of Brenner Mills for an undisclosed cash consideration.

The deal, which is subject to a due diligence and regulatory approval, includes a put and call option exercisable on July 1 2009 for the remaining 40 percent equity in the maize milling and dry foods packaging group, as well as a R36 million recapitalisation by all shareholders. - Margie Inggs