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Totalgaz to buy KayaGas’s LPG assets

6th November 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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Liquid petroleum gas (LPG) company Totalgaz Southern Africa has signed an agreement to buy LPG bulk and cylinder distribution company KayaGas’s storage, filling and distribution assets.

The transaction is subject to the approval of the South African Competition Commission. KayaGas, under a new name, will continue as an importer of LPG to the industry.

“It is an exciting opportunity to provide our products and high-quality services to a wider client base,” Totalgaz MD Vincent Scarmure says.

KayaGas chairperson Lulamile Xate highlights that the company has achieved many things. “We proved it possible to supply the low-income market and developed innovative means of supplying domestic and commercial customers.

“Under a new name, we will concentrate on ensuring that periodic shortages of LPG will no longer plague LPG consumers,” he says.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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