Johannesburg - Diversified industrial company Imperial Holdings Limited, through its subsidiary AMH, announced on Wednesday that it had acquired a majority holding in the Goscor Group of companies, for an undisclosed amount. Commenting on the acquisition, AMH CEO, Manny de Canha said: "Goscor's strong presence in the industrial equipment market is a perfect strategic fit with Imperial's core competencies and extensive experience in the fields of transport, distribution and servicing." The Goscor Group, a diversified industrial and engineering company, has been supplying the local market with industrial equipment and world class solutions for 26 years.

It consists of six key divisions, and is a distributor of industrial equipment. Goscor employs 250 personnel and has a national footprint and distribution network, supplying to a blue chip customer base across various sectors of the market. "Being part of the Imperial Group gives us a new platform, allowing us to take advantage of Imperial's substantial Southern African footprint; its financial muscle and solid reputation in the market will help us to further develop our business," Neil Wilson, CEO of Goscor said.