https://www.engineeringnews.co.za

Rolfes to sell Colour Pigments International subsidiary

5th August 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

JSE-listed Rolfes will sell the business, stock and fixed assets of its 100%-owned Rolfes Colour Pigments International (RCPI) subsidiary to Chromaflo Technologies South Africa for R36.2-million before adjustments.

RCPI distributes a range of organic and inorganic pigments and manufactures in-plant and point of sale dispersions. The subsidiary has not delivered Rolfes’ required returns for an extended period of time and a sale is, therefore, considered to be in the best interests of Rolfes’ shareholders.

The effective date of the transaction is November 1.

The purchase consideration will be paid in cash on November 4 and the proceeds will be used by the company to reduce its debt.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.044 1.228s - 122pq - 2rq
Subscribe Now