Imperial Logistics has acquired a 70% stake in Namibian sales, warehousing and distribution business CB Enterprises.
This transaction, through group company CIC Namibia, is in line with the organisation’s strategy to grow its African CPG and pharmaceutical distribution interests and capabilities, says Imperial Logistics chief strategy officer Cobus Rossouw.
According to Rossouw, CB Enterprises’ clients include leading principals in the pharmaceutical, cosmetics and personal care space.
Established in 1992, CB Enterprises is still owned by its original founder. The company started off as a small agency representing South African manufacturers. Today, it has an annual turnover of N$200 million and a staff complement of 107 people. It owns premises in Windhoek as well as a fleet of trucks and delivery vehicles.