AECI announces sale of Improchem public water business to black-owned consortium

AECI has moved further with the restructuring of its businesses after announcing plans on Monday to sell its Improchem Public Water Business to a black-owned special purpose vehicle, with Nsukutekch as the controlling shareholder and Junaco as the minority shareholder.

- EDWARD WEST

The Public Water Business is a separate division of Improchem’s water business and includes the manufacturing and supply of water treatment chemicals, providing engineered water treatment solutions, and supplying other complementary products to the public water sector.

An AECI spokesperson said the value of the deal will be disclosed once all the agreements were finalised.

“Divesting our Public Water Division delivers on our strategy to dispose of non-core assets, streamline operations, and optimise our portfolio. It will support our capital allocation strategy and position AECI for sustainable growth and to focus on improving the performance of our core business,” AECI Group CEO, Holger Riemensperger, said in a statement.