Hudaco set to acquire Plasti-Weld for up to R56m
Hudaco wants to diversify into revenue streams beyond automotive, industrial and electronic consumable products
30 November 2023 - 10:31
Hudaco Industries has signed an agreement to buy local plastic welding equipment importer and stockist Plasti-Weld for up to R56m, with the amount yet to be determined.
The Johannesburg-based firm, valued at about R4.9bn on the JSE, said on Thursday in a brief announcement it was looking to buy new businesses, to expand beyond the import and distribution of automotive, industrial and electronic consumable products in Southern Africa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.