Thebe Medicare acquires a stake in a BEE deal

July 20, 2005

Thebe Healthcare a group company of Thebe Investment Corporation, the oldest black economic empowerment (BEE) company in South Africa together with Beige Holdings (Beige) today announced, subject to Competition Commission approval, the acquisition of Quality Products...

along with another minority (10%) black empowerment shareholder from Unilever SA Home and Personal Care (Pty) Ltd (Unilever), for a total purchase consideration of R 50 million. This deal sees Quality Products, at 61% black controlled, becoming the most significant black-empowered contract manufacturing company in the bath and body care market (personal care market).

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