RLO - Reunert Limited - Reunert acquires majority stake in Nashua central
RLO
RLO
RLO - Reunert Limited - Reunert acquires majority stake in Nashua central
REUNERT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1913/004355/06
ISIN: ZAE000057428
JSE Code: RLO
("Reunert")
REUNERT ACQUIRES MAJORITY STAKE IN NASHUA CENTRAL
Press release - Reunert`s office automation company, Nashua Limited, has
acquired a 60% share in one of its top franchises, Nashua Central for R50
million. The transaction is effective 1 July 2009 and will also incorporate
the undiscounted book that will be taken on by RC&C Finance Company.
"This transaction forms part of Nashua`s ongoing strategy to take a controlling
interest in the large franchises situated in the major cities in South Africa,"
said Nashua managing director, Graham Rhodes. Nashua has previously bought
controlling interests in Nashua Eastern Cape, Nashua Pretoria and Nashua West
Rand. It also holds a 74% share in Nashua Kopano.
"Nashua Central is one of our most successful franchises and they have embraced
the colour printer strategy and grown document volumes strongly." Central was
Franchise of the Year for 2008.
There are 37 franchises in total with 61 outlets offering the Nashua range of
products and services in Southern Africa.
For more information contact:
Carina de Klerk
011 517 9033
Sandton
24 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 24/08/2009 15:15:01 Produced by the JSE SENS Department.
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