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Premier Acquires Mister Bread Milling (Pty) Ltd

Premier has acquired all of the shares in issue in Mister Bread Milling (Pty) Ltd (“MBM”), an independent flour miller based near East London in the Eastern Cape, effective 2 March 2015. MBM has been in operation since 2006. The majority of the flour milled by MBM is sold to Premier for use in its bakeries. The acquisition has been approved, without any conditions, by the Competition Commission. 

The acquisition of MBM will enable Premier to operate an integrated milling and baking operation in the Eastern Cape, enabling it to directly control and improve the quality of flour that is used by its bakeries, and sold to its customers. MBM will be divisionalised to operate as part of Premier’s milling business. 

Tjaart Kruger (CEO) welcomes the employees of MBM.

Date: 17-03-2015