TORRE INDUSTRIES LIMITED - Acquisition of DR Forklifts - voluntary announcement
TOR 201410130013A
Acquisition of DR Forklifts - voluntary announcement
TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company”)
ACQUISITION OF DR FORKLIFTS - VOLUNTARY ANNOUNCEMENT
Torre is pleased to advise shareholders that, through its
subsidiary Manhand SA (Pty) Ltd, it has concluded an agreement
to acquire the business of DR Forklifts Services (“DR
Forklifts”) as a going concern. DR Forklifts is an established
business focused on the servicing of a wide range of forklift
products as well as the sale of forklift spare parts.
The transaction is consistent with Torre’s strategy to grow
aftermarket sales across all business units.
This acquisition falls below the threshold of the
categorisation of transactions which require disclosure in
terms of the JSE Listings Requirements.
Johannesburg
13 October 2014
Corporate Adviser and Designated Adviser to Torre
AfrAsia Corporate Finance (Pty) Ltd
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