Hudaco banks on diversification for performance
Industrial group is optimistic its broad portfolio limits business risk and offers resilience in a tough environment
Hudaco’s diversification strategy, aimed at navigating SA’s arduous operational environment will be further tested in 2024 as muted demand, load-shedding and port challenges persist.
Cash flush in 2023, the southern African importer and distributor of branded automotive, industrial and electronic consumable products completed the acquisition of the Brigit group (https://www.businesslive.co.za/bd/companies/industrials/2023-08-28-hudaco-acquires-brigit-group-for-r315m-as-part-of-its-diversification-strategy/) for up to R315m, gaining a foothold in the fire detection, containment and suppression market...
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