https://www.engineeringnews.co.za

Tribunal approves AECI’s R2.27bn buyout of Much Asphalt

3rd April 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The Competition Tribunal has approved AECI’s proposed acquisition of asphalt manufacturer and supplier Much Asphalt without conditions, despite the merging parties’ vertical relationship.

AECI announced in October 2017 that it would acquire Much Asphalt for R2.27-billion.

AECI controls a number of firms that supply mining and water solutions, agrochemicals and food additives and ingredients, as well as a portfolio of specialty chemicals businesses.

Much Asphalt manufactures and supplies hot and cold asphalt products to the commercial sector and is active in the market for the manufacture and supply of asphalt and value-added bitumen products.

The approval followed the Competition Commission’s recommendation that the transaction be approved without conditions, despite AECI subsidiaries supplying caustic soda and fluxing agents to Much Asphalt’s subsidiaries.

The commission found that the transaction would not raise any competition concerns, nor would it negatively affect public interests.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 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:0.088 0.146s - 157pq - 2rq
Subscribe Now