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Imperial acquisition of Goscor a perfect fit
Imperial acquisition of Goscor a perfect fit
JSE-listed industrial services and retail group Imperial Holdings, through its Associated Motor Holding subsidiary, recently announced its acquisition of a majority holding in the Goscor Group, a diversified industrial and engineering group.
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(Free-Press-Release.com) December 14, 2010 --
Imperial Holdings director Osman Arbee said this was a significant developement for industry as a whole. "Imperial has a financial muscle, access to research and development and a large Southern African footprint, meaning that Goscor’s industrial equipment range will have greater visibility in the marketplace”, he said.
“Goscor’s strong presence in the industrial market is a perfect strategic fit with Imperial’s core competencies and extensive experience in the fields of transport, distribution and servicing”, commented Associates Motor Holdings CEO Manny de Canha.
Neil Wilson, CEO, of Goscor, said being part of the Imperial Group “gives us new platform, allowing us to take advantage of Imperial’s substantial presence throughout Southern Africa”. Goscor Group of Companies consists of six divisions including Goscor Cleaning Equipment, a distributor of industrial, commercial and specialised cleaning equipment (Tennent, Elgin and Gibli)
Commercial Cleaning Equipment engineering group Goscor Group Imperial Holdings industrial cleaning industrial equipment Specialised Cleaning Equipment
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