OMNIA HOLDINGS LIMITED - PRESS RELEASE
OMNIA HOLDINGS LIMITED
OMNIA ACQUISITION STRENGTHENS INTERNATIONAL PRESENCE
Specialist chemical services Group Omnia today announced the acquisition of the
business of Australian company HRL Agriculture (Pty) Ltd for R 4.1m (Aus$ 825
000). The acquisition is effective from 1 February 2003 and the new company will
be called Omnia Specialities Australia (Pty) Ltd.
The acquisition is a significant step in Omnia"s internationalisation strategy
and strengthens Omnia"s position in the fast growing field of speciality
fertilizers. The acquisition will specifically enable Omnia to develop its range
of organic products, which are enjoying growing demand internationally.
HRL Agriculture specialises in the production of humates, which act as soil
conditioners that increase soil fertility and plant production. As such, they
are instrumental in significantly boosting yields and profits for farmers. HRL
has one of the most concentrated and active sources of humates in the world.
Omnia has been one of HRL Agriculture"s biggest clients and the two entities
already have a good working relationship. HRL"s five staff members will be
integrated with Omnia"s Australian office.
18 March 2003