Hudaco Industries Limited (JSE:HDC) signed an agreement to acquire Trading Assets and Liabilities of Plasti-Weld c.c. from Plasti-Weld c.c. for ZAR 56 million on November 30, 2023. The maximum consideration is ZAR 56 million, which will be funded from cash generation and existing facilities of Hudaco. The effect date of the transaction is December 1, 2023.

Nedbank Corporate and Investment Banking acted as financial advisor to Hudaco Industries Limited.