Petregaz, a subsidiary of the Petredec Group, has concluded an agreement to acquire the 35 LPG trucks and tankers from OneLogix. The OneLogix Group will retain its other assets and businesses.
The Sale Agreement is effective from 1 April 2023 with all suspensive conditions having already been met.
Through the acquisition of these assets, Petregaz will be able to expand its supply chain capabilities, provide primary logistics services to a larger client base and work closer with its existing and potential new key clients across the LPG industry.
Commenting on the acquisition, Managing Director at Petregaz, Matthew Costello said, “We are thrilled to have entered into this transaction. The addition of these assets to our business together with a focus on a high standard of service delivery will significantly enhance our logistical capabilities which are key to the reliable supply of LPG in Southern Africa. We will build on key focus areas including security of supply of LPG in Southern Africa as well as provide supply chain excellence to Petregaz’s valued existing and potential new clients.”
The OneLogix Group is a niche logistics provider with over 30 years operational experience. The Group offers a range of world-class logistics solutions and related services to the Southern African region.
“OneLogix firmly believes that the sale of our LPG division to Petregaz will result in enhanced service delivery given Petregaz’s extensive experience, infrastructure and customer base. The transaction also reduces OneLogix’s risk profile following its recent delisting. We wish Petregaz well with its future expansion and development in the LPG industry,” concludes Cameron McCulloch, CEO of OneLogix.