Olympia Capital Holdings Limited announced the acquisition of the Yokota brand name and the manufacturing plant belonging to Natural Wooden Products Limited from the liquidators of Plush Products in South Africa.
The deal is part of Olympia’s new business as it seeks to increase its presence in the South African market. Olympia Capital Holdings Chief Executive Michael Matu said the company had already acquired a 74% stake in Plush Products as part of the regional expansion strategy in 2006.
Olympia Capital Holdings owns 100% in Dunlop Industries Limited (Kenya), a 49% in Avon Rubber Limited (Kenya), 13% of Heri Limited (Kenya), and 53% in Olympia Capital Corporation. Olympia Capital Corporation holds 100% in Kalahari Floor Tiles (Botswana), which owns Gaborone Enterprises Limited.
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