HUDACO INDUSTRIES LIMITED - Announcement regarding the acquisition of the trading assets and liabilities of Brewtech Engineering CC

Announcement regarding the acquisition of the trading assets and liabilities of Brewtech Engineering CC

HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/004617/06)
Share code: HDC & ISIN: ZAE000003273
(“Hudaco”)

  ANNOUNCEMENT REGARDING THE ACQUISITION OF THE TRADING ASSETS AND LIABILITIES OF
                    BREWTECH ENGINEERING CC (“BREWTECH”)
                             (“THE TRANSACTION”)

Hudaco has acquired the trading assets and liabilities of Brewtech with effect from 1 June 2016. The
final total consideration will depend on the average profits over a three year earn-out period. There
is an initial payment of R29m and the maximum price is R70m.

Brewtech imports and distributes branded stainless steel and plastic products for conveyors, such as
chains, sprockets, idler wheels, wearstrips, seals, washers and membranes. The business also
manufactures certain plastic components and has synergies with existing Hudaco businesses both in
terms of products and customers. Its current customer base is primarily in the food and beverage
industry, with an emphasis on bottling.

The transaction falls below the threshold of a category 2 transaction, which requires disclosure in
terms of the JSE Limited’s Listing Requirements. However, Hudaco’s Board believes it is appropriate
to inform shareholders of the transaction.

Johannesburg
07 June 2016

Sponsor
Nedbank Corporate and Investment Banking

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