Imperial takes over health group

Imperial Logistics announces acquisition

Imperial announces acquisition
Acquisition of Imperial and RTT Health Sciences
IMPERIAL Logistics has announced the acquisition of the pharmaceutical and consumer healthcare supply chain services business conducted by RTT Group (Pty) Limited (collectively referred to as “RTT Health Sciences”) for a total enterprise value of R500 million.The businesses to be acquired include RTT Medical, RTT Trans Africa, RTT Consumer Health and RTT Essentials as well as 100% of Fuel Africa Logistics (Pty) Limited, RTT Kenya and RTT Ghana.

RTT Health Sciences is one of Africa’s leading pharmaceutical and healthcare supply chain service providers, specialising in multi-channel solutions for delivering essential medicines and consumer health products in South Africa, and to Namibia, Botswana, Mozambique, Zimbabwe, Zambia, Kenya, Tanzania, Malawi, Uganda, Ethiopia, Rwanda, Ghana, Cote d’Ivoire and Nigeria.

Cobus Rossouw, Chief Integration Officer of IMPERIAL Logistics said, “the acquisition complements our business in that RTT Health Sciences provides logistics, supply chain and distribution solutions to the pharmaceutical and fast moving consumer health industries. It offers exceptional growth prospects as it strengthens our current exposure to high growth African economies and provides the Imperial Group with exposure to a strongly growing pharmaceutical and healthcare industry.”

RTT Health Sciences has a quality customer base with a robust new business pipeline. Through the acquisition IMPERIAL Logistics has also secured a specialist management team which strengthens and complements the group’s existing skills set in the logistics industry. Rossouw added: “We look forward to extending this expertise to new clients in new industries and unlocking the competitive advantages inherent in their supply chains.”

The acquisition, which will be funded from existing funding resources, is subject to SA Competition Commission and SA Reserve Bank approval, which have to be achieved by 20 January 2013.

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