Acquisition of Soap and Allied Limited by Quality Beverages Limited

According to the Mauritian medias maurice-info et defimedia.info, Quality Beverages Limited (QBL) acquired Soap and Allied Limited (SAIL), and the two companies will now operate under common management.

Currimjee Industries (CIND), the majority shareholder of both companies, has announced the appointment of I?igo de Prado as Managing Director of the new group, with Azim Currimjee and Ashraf Currimjee joining the Board of Directors. The merger will improve our services and create a stronger and more competitive organization.

I?igo de Prado, the new Managing Director, says: "We will offer an even more comprehensive service and work synergistically. Convinced of our potential, we are determined to push the boundaries and reach new heights."

Azim Currimjee adds: "We want to create a stronger, more competitive, and resilient organization, better able to meet the needs of our customers and various stakeholders."

QBL's acquisition of SAIL offers immense potential for growth and diversification, allowing both companies to develop synergies and access new resources. We are committed to becoming an innovative and competitive leader in our industry.

Key points

• Quality Beverages Limited (QBL) has acquired the entire share capital of Soap and Allied Limited (SAIL) in a deal led by Currimjee Industries (CIND), the majority shareholder of both companies.
• Following this acquisition, SAIL is now a fully owned subsidiary of QBL, under common management with the appointment of I?igo de Prado as Managing Director of the new group. strength of both QBL and SAIL, optimising their efficiency and sustainability, and bringing together the collective passion of their teams for progress.
• The current Managing Directors of QBL and SAIL, Azim Currimjee and Ashraf Currimjee, will join the Board of the new entity. The key objective is to create a stronger, more competitive and resilient organisation, better able to meet the needs of customers and stakeholders.
• The acquisition offers significant growth potential, allowing both companies to develop synergies, diversify and gain access to new resources while increasing their market presence.
• The QBL and SAIL teams will focus on the integration process to ensure a smooth transition, safeguarding jobs and the wellbeing of employees.

The merger is designed to improve service and create a more competitive and innovative organisation in the industry.