Biesterfeld Acquires South African Composite Technology Provider Aerontec
In a move to continue its geographical expansion, Hamburg-based German distributor Biesterfeld has acquired Aerontec, a South African supplier and distributor of advanced composite materials and related technology.
Aerontec, founded in 2002, has developed into a leading distributor of advanced composite materials in South Africa, Biesterfeld said, offering an extensive range of materials especially for the marine, transportation, consumer goods and aerospace industries. The company has warehousing and distribution facilities in Cape Town, Johannesburg, Jeffreys Bay and Durban.
Dirk J. Biesterfeld, chairman of Biesterfeld’s supervisory board, commented: "The sub-Saharan region is of high interest for Biesterfeld. With this acquisition, we are not only pursuing our global growth strategy but have also gained a great team, which shares the same goals and values that we hold at Biesterfeld."
Stephan Glander, CEO of Biesterfeld, added: "Founder Graham Blyth and his team have built a very successful, fast-growing company, which combines distribution and logistics with outstanding technology expertise and differentiated services in composites. That is why they are a perfect match with our strategy of geographic expansion and an even stronger focus on technology and consultancy-driven businesses."
