26th Aug 2014 10:20
LONDON (Alliance News) - Cambria Africa PLC Tuesday said its Millchem Holdings chemicals distribution unit has received additional key regional supply and distribution agreements.
The southern Africa-focused investment company said the new agreements mark significant further progress for Millchem, which is now distributor for a number of products in the beverages industry.
Cambria Africa said the contracts includes ones with the US's Ashland Inc and EP Minerals LLC and Switzerland's Clariant AG.
Back in May, Cambria Africa bought the outstanding share capital of Chemicals & Marketing Co Ltd, a Malawi chemicals distributor, in exchange for 5.5 million Cambria Africa shares. The new shares will begin trading on AIM on Friday.
Cambria Africa shares were untraded Tuesday at 5.18 pence apiece.
In its statement Tuesday, Cambria Africa said the integration of C&M with Millchem is underway and making good progress.
"It is encouraging to see the synergy benefits that are already being accrued by this development, and we are pleased to be working with such a number of high-profile businesses across the region as a result," said Chief Executive Edzo Wisman in a statement.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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