Competition Tribunal conditionally approves intermediate merger

We are pleased to announce that on 8 November 2012 the Competition Tribunal conditionally approved the intermediate merger involving Senmin International, a subsidiary of AECI Limited and Cellulose Derivatives. Accordingly the parties agreed to effectively implement the transaction as of 1 December 2012.

Senmin is a supplier and distributor of mining chemicals with its main operations and distribution centre based in Sasolburg and its sales office based in Falconview.

Cellulose Derivatives (CD) is a privately owned company and was managed by the family. The company manufacture its carboxymethylcellulose (CMC) Norilose product range mainly for distributors to the mining, industrial and detergent sector.

The managing director of CD elected to retire and the operations of Cellulose Derivatives as the only manufacturer of carboxymethylcellulose (CMC) in South Africa will continue to operate from its facilities in Waltloo, Pretoria. The operations will report to Frans Labuschagne, Operations Director of Senmin International.

Senmin sources all of its technical grade CMC requirements from Cellulose Derivatives. The merging parties will therefore continue to supply the same quality Norilose and Sendep CMC grades from this facility in Pretoria.

For the effective continuation of sales and support the merging parties will however use its Falconview sales office and be administrated by its financial and administration offices in Sasolburg.

We welcome Norman Shannon and his team from CD and wish them a long and happy amalgamation with Senmin International.

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