Sasol offloads candle business to Lion Match Co
Petochemicals group Sasol and the Lion Match Company have inked a deal that will see Sasol subsidiary and candle manufacturer Price’s Candles being absorbed into Lion’s portfolio of homecare brands.
Lion Match Company group CEO Alisdair Sinclair said the acquisition of Price’s Candles was aligned with the group’s strategy to acquire leading brands within chosen categories.
“Price’s Candles’ legacy complements the significant heritage of our Lion Match brand and balance of our product portfolio. This affords us the opportunity to further leverage our expanded product basket within Southern Africa and beyond. We look forward to welcoming Price’s Candles to our business,” he commented.
Sasol Performance Chemicals wax VP Dr Thomas Lüdemann added that the sale would not affect the continuity of the business.
The transaction remained subject to the fulfilment of certain conditions, including Competition Commission approval.
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