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Send  Share  RSS  Twitter  15 Jun 2010

BUSINESS: Imperial Holdings Invests in Goscor Group

 





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Imperial Holdings Limited, through its subsidiary AMH, announces that it has acquired a majority shareholding in the Goscor Group of companies, a diversified industrial and engineering group.

Founded in South Africa, the Goscor Group has been supplying the local market with state-of-the-art industrial equipment and world-class solutions for the past 26 years. It consists of 6 key divisions, and is an exclusive distributor of leading and world-class brands of industrial equipment. Goscor employs 250 personnel and has a national footprint and distribution network, supplying to a blue chip customer base across various sectors of the market.

Commenting on the acquisition, AMH CEO, Manny de Canha said: “Goscor’s strong presence in the industrial equipment market is a perfect strategic fit with Imperial’s core competencies and extensive experience in the fields of transport, distribution and servicing. The Goscor Group’s existing customer base and access to world class technologies and products offers growth potential for Imperial. We aim to add our expertise to the Goscor product offering and together, leverage the opportunities that this acquisition offers.”

Neil Wilson, CEO of Goscor, added: “Being part of the Imperial Group gives us a new platform, allowing us to take advantage of Imperial’s substantial Southern African footprint; it is their financial muscle and solid reputation in the market which will help us to further develop our business. Goscor prides itself on its excellent customer relationships, built on a foundation of exceptional service. We take long-term views on everything we do, resulting in Goscor being a strong and sustainable business which is highly respected in the markets in which it operates. We are delighted to have Imperial executives, Manny de Canha and Osman Arbee, on our board to add their expertise and experience to our team.”

 
 
 
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