Garth Towell, Twinsaver Group CEO, said, “We are very excited to welcome the Validus team to the Twinsaver family. The acquisition is a significant move forward for our business as it will enable us to further diversify our product proposition, service new consumer segments and accelerate Validus’ growth through investments into technology, talent and access to wider networks.”
Established in 2005, Validus has grown its national portfolio of quality disposable medical products across South Africa’s hospital, frail care and baby care industries. Known for brands like Clemens and Bumbies, the sale will provide Validus with the capital required to expand into ancillary and new categories.
Commenting on the decision to sell, Folkmar Geyer, managing director at Validus Medical said, “The synergies between Twinsaver and Validus are many; both businesses are market leaders, our products are complementary and our heritage, proudly South African.
The added advantage is that the sale will help increase Validus’ production efficiencies and as a wider business, will help bolster the output of South Africa’s manufacturing industry.” “South Africa’s manufacturing sector has been widely publicised as a gateway to enhancing the global competiveness of the country,” said Towell. “With the sector contributing more than 15% to the national GDP, we believe our business and the investments we make, play a vital role in unlocking the deeper potential within the sector. “What’s particularly encouraging are the findings in the Industrial Development Corporation’s 2016 Economic Overview which ranked the business confidence in the paper and paper products industry above all other manufacturing sub-sectors.” The sale is subject to regulatory and Competition Commission approval.
MORE ABOUT VALIDUS MEDICAL Validus Medical employs more than 75 people across South Africa. Its factory is located in the Ekandustria industrial area of Bronkhorstspruit. The company operates high speed, fully automated production lines for adult diapers, feminine hygiene products, baby diapers, wipes, draw sheets and linen savers. ABOVE LEFT, RIGHT Validus brands of disposable hygiene products include Clemens adult diapers and linen savers, and Bumbies wipes. ABOVE CENTRE, left to right: Folkmar Geyer, managing director at Validus Medical; Dion de Graaf, Chief Operating Officer at The Twinsaver Group and Garth Towell, CEO, The Twinsaver Group.<