Introduction
The Biesterfeld Group has announced the acquisition of Aerontec, a prominent South African supplier and distributor of advanced composite materials. This strategic move marks Biesterfeld's entry into the African market, positioning the company for long-term growth and expansion in a highly attractive region. The acquisition was finalized today, with Biesterfeld becoming the 100% shareholder of Aerontec Pty Ltd.
Aerontec's Market Leadership
Founded in 2002, Aerontec has established itself as a leading distributor of advanced composite materials in South Africa. The company caters to a variety of industries, including marine, transportation, consumer goods, and aerospace. Aerontec operates certified warehousing and distribution facilities in Cape Town, Johannesburg, Jeffreys Bay, and Durban.
Aerontec's extensive product range includes specialized materials tailored for various high-demand sectors. This strategic product diversification aligns well with Biesterfeld's goals of expanding its market reach and enhancing its product portfolio.
Strategic Expansion
Dirk J. Biesterfeld, Chairman of the Supervisory Board of Biesterfeld AG, highlighted the significance of the sub-Saharan region for the company's growth strategy. "With this acquisition, we are not only pursuing our global growth strategy but have also gained a great team that shares the same goals and values as Biesterfeld. I welcome Graham Blyth and all new colleagues to our Biesterfeld family. We look forward to a successful future together," said Biesterfeld.
Stephan Glander, CEO of Biesterfeld AG, emphasized the strategic fit of Aerontec within Biesterfeld’s growth plans. "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. They are a perfect match with our strategy of geographic expansion and a stronger focus on technology and consultancy-driven businesses," stated Glander.
Leadership Perspectives
Graham Blyth, founder and Managing Director of Aerontec, expressed enthusiasm about the acquisition. "Biesterfeld is a leading international distributor of plastics, rubber, and specialty chemicals with a high reputation and know-how, making it an excellent partner to accelerate our growth. Additionally, as a family business, Biesterfeld shares our DNA in terms of business ethics and values. I look forward to joining forces and leveraging our combined expertise to enhance our solution portfolio and drive growth in the composites markets and beyond," Blyth remarked.
The acquisition of Aerontec by the Biesterfeld Group represents a significant step in Biesterfeld’s strategic expansion into the African market. This move not only strengthens Biesterfeld’s position in the composites sector but also opens new opportunities for growth across various industries.
