Mon, 17 Jun 2024
22.7 C

Flooring specialists to be acquired

Home Engineering Flooring specialists to be acquired

A LEADING South African manufacturer of specialist epoxy, polyurethane flooring and construction solutions, Technical Finishes SA (TFSA), and a world leader in light and sustainable construction, Saint-Gobain Construction Products South Africa (SGCP), have entered into an agreement whereby SGCP wishes to acquire TFSA.

These two highly complementary businesses have a shared vision to deliver quality products, exceptional service and sustainable solutions to both the specialist flooring and general construction industries in South Africa.

Pending regulatory approval, the agreement would see SGCP acquiring 100% of the shares of the target company, TFSA in South Africa. Until such time, both companies will continue to drive business as usual.

Most Popular

Ngqura harbour master takes on continental role

CAPTAIN Thulani Dubeko, harbour master at the Port of Ngqura has been elected as the new president of the African Harbour Masters’ Committee (AHMC)....

Battery-powered forklifts – a greener option

AS the global trend in supply chain management shifts towards environmentally friendly handling solutions, battery-powered forklifts are gaining popularity across many industries, including warehousing,...

Second poultry plant opts for ‘Cooling-as-a-Service’

BUILDING on the successful partnership at its Kariega facility, Sovereign Foods has entered into a 15-year  Cooling-as-a-Service (CaaS) agreement with Energy Partners (EP) to...

Operators benefit from automated machine health monitoring

A GROWING global population coupled with rapidly advancing technologies are propelling an ever-increasing demand for essentially anything that consumers require, from infrastructure to food,...