M&A
Investment holding company Long4Life will acquire Inhle Beverages, a contract packaging business in Gauteng, for up to R360-million in cash and shares. Inhle, which is based in Heidelberg, specialises in the canning and bottling of carbonated soft drinks, mineral water and energy drinks. It is the second-largest beverage contract packaging business in South Africa and has seven production lines, with scope for further expansion. The business employs about 300 people.
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