Biesterfeld Group completes acquisition of Aerontec Pty Ltd to expand its presence in Africa
Acquiring Company
Biesterfeld Group
Acquired Company
Aerontec Pty Ltd
Hamburg
Cape TownManufacturingBiotechnologyAgriculture and FarmingManufacturingDescription
The Biesterfeld Group has acquired Aerontec, a leading South African supplier and distributor of advanced composite materials and related technology. Through this acquisition, Biesterfeld has become the 100 percent shareholder of Aerontec Pty Ltd, reinforcing its geographical expansion and market position in the highly attractive region of sub-Saharan Africa. The acquisition aligns with Biesterfeld's global growth strategy and enhances its focus on technology-driven businesses, aiming to provide customers with even more value-added products and services in the composites sector and beyond.
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Frequently asked
Who acquired Aerontec Pty Ltd?
Aerontec Pty Ltd was acquired by Biesterfeld Group, based in Hamburg. The deal was reported on June 3, 2024. Biesterfeld AG is the strategic holding company of the Biesterfeld Group, one of the world's leading distribution and service companies in the field of plastics, rubber and specialty chemicals. Biesterfeld Group is privately held and operates in Manufacturing.
When did Biesterfeld Group acquire Aerontec Pty Ltd?
Biesterfeld Group's acquisition of Aerontec Pty Ltd was reported on June 3, 2024. The Biesterfeld Group has acquired Aerontec, a leading South African supplier and distributor of advanced composite materials and related technology. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Aerontec Pty Ltd do?
Aerontec Pty Ltd, founded by Graham Blyth in 2002 in Cape Town, has continuously expanded its business and is today a leading sub-Saharan African supplier of advanced composite materials. It is privately held, operating in Manufacturing, and is based in Cape Town.
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