JSE-listed Hudaco will acquire the trading assets and liabilities of specialist plastic equipment importer Plasti-Weld Business from December 1 for a maximum of R56-million, which will be funded from cash generation and existing facilities of Hudaco. Hudaco specialises in the importation and distribution of selected high-quality branded automotive, industrial and electronic consumable products, mainly in the Southern African region. One of its key strategies is to acquire new businesses in similar fields of activity when the opportunity arises.
