https://www.engineeringnews.co.za

Twinsaver looks to diversify portfolio through Validus acquisition

16th February 2017

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

Branded tissue products manufacturer Twinsaver Group is in talks to acquire hygienic disposable products company Validus Medical, further diversifying its portfolio in the fast-moving consumer goods sector.

Twinsaver Group CEO Garth Towell said the acquisition would enable the company to service new consumer segments and accelerate Validus’s growth through investments in technology, talent and access to wider networks.

Established in 2005, Validus has quickly grown its national portfolio of quality, disposable medical products across South Africa’s hospital, frailcare and babycare industries. Known for brands like Clemens and Bumbies, the sale will provide Validus with the capital required to expand into ancillary and new categories.

Validus MD Folkmar Geyer added that the company’s products would complement Twinsaver’s products. “The added advantage is that the sale will help increase Validus’s production efficiencies . . . and help bolster the output of South Africa’s manufacturing industry.”

The sale is subject to regulatory and Competition Commission approval.

Edited by Creamer Media Reporter

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

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:0.134 0.185s - 137pq - 2rq
Subscribe Now