Biesterfeld Group Acquires Aerontec And Expands Into Africa

The Biesterfeld Group has acquired Aerontec, a leading South African supplier and distributor of advanced composite materials and related technology. The closing was completed. Through this transaction, the Biesterfeld Group has become the 100 percent shareholder of Aerontec Pty Ltd. Biesterfeld is continuing its geographical expansion, laying the foundation for the long-term expansion of its market position in a highly attractive region, not only in the composites sector but beyond it too.

Aerontec Pty Ltd, founded in 2002, has developed into a leading distributor of advanced composite materials in South Africa. Aerontec´s product offering includes an extensive range of materials especially for the marine, transportation, consumer goods and aerospace industries. The company has certified warehousing and distribution facilities in Cape Town, Johannesburg, Jeffreys Bay and Durban.

Dirk J. Biesterfeld, Chairman of the Supervisory Board of Biesterfeld AG, explains:

"The sub-Saharan region is of high interest for Biesterfeld. With this acquisition, we are not only pursuing our global growth strategy but have also gained a great team, which shares the same goals and values that we hold at Biesterfeld."

"I welcome Graham Blyth and all new colleagues as part of our Biesterfeld family. We are looking forward to a successful future together."

Stephan Glander, CEO of Biesterfeld AG, adds:

"Founder Graham Blyth and his team have built a very successful, fast-growing company, which combines distribution and logistics with outstanding technology expertise and differentiated services in composites."

"That is why they are a perfect match with our strategy of geographic expansion and an even stronger focus on technology and consultancy-driven businesses. We look forward to building on Aerontec´s success, working together to develop markets and providing customers with even more value-added products and services."

Graham Blyth, founder and Managing Director of Aerontec, emphasizes,

"Biesterfeld is a leading international distributor of plastics, rubber and speciality chemicals with high reputation and know-how, and therefore a great company to speed up our growth on a solid basis."

"In addition, and even more importantly, it is a family business with people sharing the same DNA in terms of how to do business. I look forward to joining our forces and expertise to accelerate the solution portfolio for our customers and the growth in the composites markets and beyond."

The parties have agreed not to disclose details of the transaction.