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Grindrod Limited acquires shareholding in NWK Limited

20 September 2013

The JSE listed, freight logistics company, Grindrod, has acquired a 20% shareholding in NWK. NWK is an operating company that trades in agricultural and agri-related products, resources and services. Its business interests include crop farming and the storage, trading and financing of grain and related products.

Grindrod, a member of the Remgro Group, specializes in the handling and transportation of bulk commodities by road, rail and sea and has invested in infrastructure along import / export corridors throughout sub-Saharan Africa. This network will assist NWK in expanding its footprint in the region. NWK already has business interests in Botswana, Zambia and the Netherlands.

Both companies have a history of more than a century and have evolved into respected, reputable, successful and focused businesses with a common goal of growing the agricultural commodities businesses in Africa.

Grindrod will become actively involved in the business management of NWK through its representation on the board.

“New partnerships are always an exciting prospect as they are the key to new opportunities and growth.  With that in mind, NWK welcomes Grindrod as an investor and we look forward to the many future opportunities that can be utilized in Southern Africa as a result.

With expertise, services and products covering the agricultural value chain, NWK is committed to being innovative in our plans and pragmatic in our solutions in order to help clients grow sustainable businesses and investors achieve significant returns.

Ultimately, our partnerships with investors like Grindrod look to unlock vast growth through a common platform, which will spark a new era of long-term and sustainable growth in the Agri space.” 

Danie Marais, Managing Director of NWK Limited

“Our transaction with NWK is of great significance as part of implementing our strategy to add critical mass and depth to our agricultural logistics supply chain. We look forward to working with NWK.”

Alan Olivier, Chief Executive Officer of Grindrod Limited

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