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York buys Iliad's timber business
York Timber Holdings is buying Iliad Africa's timber wholesale business for R45.5m.
The purchase is being made through Iliad's wholly-owned subsidiaries‚ Iliad Africa Trading and United Tube.
The Iliad Africa timber wholesale business comprises Germiston-based Thorpe Timber that is a manufacturer and wholesale distributor of timber as well as Cape Town-based Timber Preservation Services that operates a timber treating and wholesale distribution business.
"By buying these businesses York's products and services will be enhanced thus strengthening the company's market presence‚" York said.
Source: I-Net Bridge
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