The transaction significantly strengthens KAS Africa’s balance sheet and capacity to execute its growth plans in the years to come.
This investment is in line with TRT Investments’ drive to support industrialisation and economic growth across the continent.
The transaction also provides KAS Africa with access to working capital facilities put in place by TRT Investments with support from the African Export-Import Bank (Afrexim).
Adam Molai – Chairman, TRT Investments
“As a majority-black woman-owned business, we believe continental domestic investment and confidence can transform Africa into an economic superpower. There is a close fit between our contract manufacturing business in the personal, home, baby, and oral care sectors, and TRT Investments’ vision for unleashing Africa’s potential as an industrial powerhouse of the future,” said Vinny Perumal, CEO of KAS Africa.
“Over the years, we have built one of the continent’s foremost manufacturing plants in terms of size, volume, product variety, and capability standards. We have earned a reputation for delivering quality, flexible, local manufacturing capabilities that meet the most rigorous international standards. In partnership with TRT Investments, we will be able to move this innovative business to the next level.”
Says Adam Molai, chairperson at TRT Investments said: “We have bought a significant share in KAS Africa because it fits into TRT’s strategy of industrialising Africa and helping to build it into the alternate supply chain of the world. Our objective is to increase KAS Africa’s breadth and depth and to grow the company aggressively. We are particularly excited about the potential of expansion into East and West Africa for KAS Africa.”