Lubezine Magazine Vol. 9 April - June 2014 | Page 8

THEMARKETREPORT
N E W S • B R I E F I N G • N E W P R O D U CTS • T E C H N O LO GY

ACQUISITION

Caulo Services acquires 70 per cent
stake in Orbichem Petrochemicals

C

alulo Services (Pty) Ltd,
a subsidiary of Calulo
Investments , has
acquired a considerable stake
in Orbichem Petrochemicals
(Pty) Ltd following a successful transaction that finalized
the transfer of the latter’s 70
percent of ordinary shares. In a
Press Release dated 18th March
2014, Orbichem Petrochemicals
announced the completion of
the transaction with Calulo
Services, saying it was ‘excited
to have joined a dynamic and
focused group and looked forward to unlocking significant
opportunities in the local as
well as sub-Saharan markets, as
a result of this new partnership
with Calulo.’
‘Over the past 12 years since
inception, Orbichem has
grown to the point where it has
become necessary to introduce
a partner for the next phase

marketer of petrochemical
products, specialising in base
oils, white oils and speciality
products, with access to impeccable global sources of supply
and logistics infrastructure.
Orbichem has made a significant contribution to the growth
and understanding of the
African petrochemical market,
with an outstanding record of
delivering a high standard of

of Orbichem’s growth, ‘Mr
Cliff Classen (pictured), MD of
Orbichem said in the press
statement.
Based in Cape Town, South
Africa, Orbichem is an established regional distributor and

Orbichem fits
perfectly into the
Calulo Services
group and we
look forward to
ensuring that intergroup synergies
accelerate growth

customer service. The company
also enjoys a high profile in the
global market and has chaired
various international base oil
conferences in South Africa.
“Orbichem fits perfectly into
the Calulo Services group and
we look forward to ensuring
that inter-group synergies
accelerate growth and improve
efficiencies across the board,”
said Mr Bryn Ressell, MD of
Calulo Services.
Calulo Investments, based
in Johannesburg, South
Africa, and founded in 1999
by Mkhuseli Faku, is a black
owned investment group
with significant investments predominantly in the
petrochemical sector. Calulo
Services, its subsidiary, provides
a comprehensive range of
logistical and related services
across the oil and petrochemicals value chains.

.

Chevron appoints Umongo Petroleum regional oil distributor
Chevron – South Africa has
selected Umongo Petroleum
Additives, a South Africabased petroleum distribution
company to b