Philafrica Foods acquires majority shareholding in Sunshine Bakery

Philafrica Foods has taken up a majority shareholding in Sunshine Bakery effective 1 April 2019.  Sunshine Bakery is a branded regional player with the potential to expand nationally. Sunshine Bakery currently manufactures and distributes bread under the Sunshine Brand from its

Pietermaritzburg as well as its Durban based bakeries. This acquisition forms part of Philafrica Food’s strategic drive to participate meaningfully with branded offerings in the Fast Moving Consumer Goods market.