Go Back Email this Link to a friend


A E C I Limited - Aeci Acquires Clariants Water Treatment Business In Africa

Release Date: 11/02/2014 08:00:00      Code(s): AFE     
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE    ISIN No. ZAE000000220
(?AECI?)

AECI ACQUIRES CLARIANT?S WATER TREATMENT BUSINESS IN AFRICA

AECI and Clariant Southern Africa Proprietary Limited (?Clariant?) have reached agreement for
AECI?s wholly-owned subsidiary ImproChem Proprietary Limited (?ImproChem?) to acquire
Clariant?s water treatment business in Africa and its South African assets for a total cash
consideration of R409 million (?the acquisition?).    Also included in the acquisition is a 50%
shareholding in Blendtech, Clariant?s B-BBEE partner in South Africa.

Clariant is part of Switzerland-based Clariant International Limited.

The acquisition is in line with AECI?s strategy to extend its presence in Africa in the provision of
water treatment solutions for a broad range of industrial and municipal customers, principally
through ImproChem.

?ImproChem has established a footprint on the continent subsequent to the acquisition of GE?s
Chemical and Monitoring Solutions business in Africa and the Indian Ocean Islands in 2012,?
says Mark Dytor, Chief Executive of AECI. ?On completion of the Clariant acquisition, which will
also be merged with ImproChem, this footprint will be enhanced since ImproChem?s direct sales
capability in many African countries will enable it to leverage Clariant?s penetration of these
markets.?

Blendtech operates mainly in the municipal markets in South Africa.

Commenting on Clariant?s rationale for the acquisition CEO Hariolf Kottmann said:              ?The
divestment is a result of our continuous active portfolio management. The water treatment
business no longer meets our positioning as a global leader in all of our businesses.

?Although water treatment is an attractive industry overall and the business is well positioned in
Africa, Clariant decided to identify a better owner who is able to focus on this service-driven
activity.?
ImproChem has manufacturing, laboratory and engineering facilities in Johannesburg and
Umbogintwini, south of Durban. Clariant has complementary facilities in Johannesburg and in
Pietermaritzburg, KwaZulu-Natal.

The acquisition is subject to certain conditions precedent, including approval by the relevant
competition authorities.


Woodmead, Sandton
11 February 214

Sponsor: RAND MERCHANT BANK (A Division of FirstRand Bank Limited)

Date: 11/02/2014 08:00:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.