Africa Glass Industries Limited - Acquisition Of S
Africa Glass Industries Limited
ISIN Code : ZAE000018545
Share Code : AGS
"Africa Glass"
Acquisition of Sheerline
Further to the announcement published on 11 September 2001 regarding the
acquisition of the undertakings of Sheerline Aluminium Systems (Pty) Limited
and Inex Trading (Pty) Limited ("Sheerline"), Africa Glass is now pleased to
announce that following the satisfaction of the conditions precedent, the
acquisition has been successfully concluded. Sheerline is a national
aluminium extrusion and hardware stockists. This acquisition broadens Africa
Glass' aluminium division from a dedicated value added fabricator to a
fabricator and distributor. Sheerline's advanced design capabilities,
furthermore, are expected to contribute to the development of Africa Glass'
domestic and international aluminium product range.
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