https://newsletter.en.creamermedia.com

Iliad gets nod for timber business sale to York

26th July 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

The Competition Commission has unconditionally approved the sale of Iliad Africa’s wholesale timber business to York Timbers for R45.5-million, following a decision by the building materials provider to streamline its portfolio.

The transaction, which will become effective on August 1, would see York acquiring the defined tangible operating assets, liabilities and intangible assets of the business as a going concern.

The business comprised Germiston-based timber manufacturer and wholesale distributor Thorpe Timber, as well as Cape Town-based timber value adding, treating and wholesale distribution business Timber Preservation Services.

The proceeds of the sale would be used to fund working capital requirements and future growth for Iliad.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.2 0.295s - 203pq - 2rq
Subscribe Now