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Media Release 20 May 2007 KEHS/nkunzi NEW NATIONAL SHAREHOLDERS FOR KNYSNA-BASED BUSINESS KwaZulu-Natal based Nkunzi Investment Holdings (Nkunzi) continues on its acquisition trail with the successful acquisition of a majority stake in Knysna Equipment Hire & Sales (Pty) Ltd. (KEHS), a one-stop shop for the hire of scaffolding, small and medium sized building equipment and allied consumables based in Knysna in the Western Cape. "We welcome the opportunity to work with Nkunzi who bring on board dedicated individuals who share our values and vision and who are able to contribute valuable skills and industry knowledge to our business," says Ivan van Lier, managing director and founder of Knysna Equipment Hire & Sales. "Over the past 11 years the business has gone from strength to strength and we are ready to take it up a notch and explore new opportunities." "KEHS has an excellent track record and a good understanding of their client needs and the market in general," says Nkunzi chairman JB Magwaza. "Our philosophy is to maintain the current management style using our extensive skills pool to assist with growth and strategic planning." "The company has a number of inherent strengths which includes in-house technical services in both the mechanical and electrical spheres, as well as a range of quality products allied to the industry which has been developed in conjunction with customers and market requirements," he continues. "After scrutinizing the company's systems as well as the business model we are satisfied that this is an exceptional company that is well positioned to take advantage of not only opportunities in the Garden Route and surrounds but also on a national level," says Carl Malcomess, a director of Nkunzi. "We will be committing a substantial amount to capital expansion over the next three years to ensure that the organisation is able not only to take advantage of the proposed residential developments along the coast, but also to secure more work from local government investment into infrastructure." | ||||||||
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Tel: +27 (0)44 382 5606 Email: info@kehs.co.za Fax : +27 (0)44 382 5983 | |||||||||
