BAW BAWP
BAW
BAW / BAWP - Barloworld Disposes Of Truck Center
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
(Share code: BAWP)
(ISIN: ZAE000026647)
("Barloworld")
BARLOWORLD DISPOSES OF TRUCK CENTER
Barloworld Industrial Distribution, USA, yesterday announced the sale of its
Freightliner Truck business known as Barloworld Truck Center to a consortium of
three buyers lead by the Lonestar Freightliner Group. The buyers were a
combination of existing Freightliner dealers as well as some private investors
and several members of the current management team. The sale was concluded at a
premium over net asset value.
Virtually all employees will be retained by the new owners.
Clive Thomson, CEO of Barloworld, said "The sale of Truck Center is another step
towards our goal of transforming Barloworld into a focused distribution
business. This sale combined with the recent sale of Melles Griot shows our
continuing progress on our announced strategic actions and steps to enhance
shareholder returns."
BARLOWORLD DISPOSES OF VACUUM TECHNOLOGY BUSINESS
Barloworld Industrial Distribution, UK, has concluded the sale of its Vacuum
Technology business.
The business was acquired by Quirepace Ltd., a leading supplier of large
pneumatic tube systems to the healthcare industry. The activities of Vacuum
Technology are largely complementary to those of Quirepace Ltd., allowing the
combined operation to offer a comprehensive product range backed by an extensive
after sales support.
For Barloworld this is another step in achieving greater focus as envisaged in
its announced strategic actions.
6 August 2007
Sponsor: JPMorgan Equities Limited
Date: 06/08/2007 16:40:26 Produced by the JSE SENS Department.
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