March 22 2023, David R Brown
Manuchar forms a JV Anorel (Pty) Ltd. for crop nutrition in Southern Africa
Manuchar, a leading distributor of chemicals in emerging markets with headquarters in Antwerp, Belgium, has formed a joint venture with Anorel (Pty) Ltd. to increase its footprint for crop nutrition in South Africa. The JV fits Manuchar's goal of strengthening its leading chemical distribution platform and broadening its product portfolio.
This joint venture will support the further growth of our Crop Nutrition business as one of the pillars of our group strategy and highlights the tremendous growth potential in the African market
Mark Jacobs
Region Manager Africa Manuchar
Anorel (Pty) Ltd., located in Cape Town, South Africa, distributes a wide variety of water-soluble fertilizers and biostimulants. Over the past 23 years, Anorel has established valuable and long-term relationships with its customers in South Africa. By joining forces with Anorel, Manuchar will have an excellent platform to further develop its activities in the distribution of fertilizers to the agricultural industry in Southern Africa. Manuchar has been present in South Africa since 2003 with 97 employees based in Johannesburg, Durban and Cape Town.
Steven Atkinson, Country Manager Manuchar South Africa: “Manuchar South Africa already has a strong presence in Home Care, Fabric Care, Personal Care, Human Nutrition, Animal Nutrition, Water Treatment and Textile. Over the past years we have also developed our Crop Nutrition business. By joining forces with Anorel (Pty) Ltd. we will accelerate our growth in Crop Nutrition, bringing even more products and benefits to our customers and suppliers.”
Mark Jacobs, Region Manager Africa Manuchar: “We are excited to partner with Anorel (Pty) Ltd., a company with a strong track record of knowledge and entrepreneurship in the distribution of Crop Nutrition products in South Africa. This joint venture will support the further growth of our Crop Nutrition business as one of the pillars of our group strategy and highlights the tremendous growth potential in the African market.”
The closing of the agreement between Manuchar South Africa and the shareholder of Anorel (Pty) Ltd. is expected in the 2nd quarter of 2023, subject to antitrust approval.
About Manuchar
Manuchar is a leading distributor of chemicals across emerging markets and actively trades several other commodities including steel, polymers and others From its headquarters in Antwerp, Belgium, Manuchar operates a local chemicals distribution network in 35 countries and 160 locations across North & Latin America, Africa, Europe, the Middle East and Asia. In 2022, Manuchar had revenues of around USD 2.8 billion.
Source(s): Manuchar Press Release
Further Information
Visit: https://www.manuchar.com