Hudaco acquires Brewtech in R70 million deal
AA – 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 R29 million and the maximum price is R70 million.
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.
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