ISIN CODE : ZAE000000220
SHARE CODE : AFE
18 September 2001
PROTECTIVE AND MARINE COATINGS BUSINESS CHANGES HANDS
The sale of Dulux (Pty) Limited's Protective and Marine coatings business
(PCM) to Sigma Coatings (Pty) Limited has been concluded.
Dulux is wholly-owned by AECI Limited and Sigma Coatings is a wholly-owned
subsidiary of the worldwide SigmaKalon Group. The latter, which operates in
40 countries and has leading positions in major European markets, owns the
technology and Sigma brand that Dulux has used under licence to develop the
southern African PCM sector of its business over the last 10 years.
In terms of the agreement reached, Dulux will continue to manufacture
branded products on Sigma's behalf for the next two years on a toll basis.
This will minimise disruption not only for customers but also for both the
companies.
The sale takes effect on 1 October 2001, at which time Dulux's employees in
the PCM business will transfer to Sigma Coatings.
Ends.
Enquiries:
Douglas Taylor
TriLogy Communications 011 325 0533 / 082 455 3577
Fulvia Putero
AECI 011 806 8797
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