Long4Life to buy beverage packaging business for up to R360m
Investment holding company Long4Life will acquire Inhle Beverages, a contract packaging business in Gauteng, for up to R360-million in cash and shares.
Inhle, which is based in Heidelberg, specialises in the canning and bottling of carbonated soft drinks, mineral water and energy drinks. It is the second-largest beverage contract packaging business in South Africa and has seven production lines, with scope for further expansion.
The business employs about 300 people.
Long4Life believes the acquisition will provide a “solid and strategic platform” on which Long4Life can build a beverage business of scale through organic and acquisitive growth.
“Immediate access to the largest market in the country, as well as its proximity to surrounding territories, positions Inhle extremely well from an expansionary point of view,” Long4Life CEO Brian Joffe commented on Wednesday.
The company further notes that Inhle had recently secured a liquor licence, representing an additional opportunity to expand and grow Inhle’s presence in the beverages sector.
This is Long4Life’s third acquisition since listing on the JSE in April. The company in July announced it would buy beauty salon chain Sorbet and cash retailer Holdsport, which trades as Sportsmans Warehouse and Outdoor Warehouse, in two separate transactions.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation