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The Competition Commission has approved, without conditions, the acquisition of Sasol-owned Price’s Candles’ manufacturing business and assets by safety match and firelighter company Lion Match.
This followed the inking of a deal between the petochemicals group and Lion Match to have Price’s Candles absorbed into Lion’s portfolio of homecare brands.
Lion Match Company group CEO Alisdair Sinclair said in January that 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 at the time.
Sasol Performance Chemicals wax VP Dr Thomas Lüdemann added that the sale would not affect the continuity of the business.