Hudaco set to acquire Plasti-Weld for up to R56m
Hudaco wants to diversify into revenue streams beyond automotive, industrial and electronic consumable products
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...
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