Barloworld Signs Agreement With Midas Paints
November 1, 2005
SANDTON, South Africa - Barloworld Ltd. of South Africa has signed an agreement with the owners of Midas Paints (Pty.) Ltd., trading as Midas Earthcote, to acquire the company for a cash consideration of approximately R40 million. The deal, which is subject to a due diligence process and competition authority approval, will see Midas become part of Barloworld's South African coatings operations.