Creating and attractive vertical to ensure long term value
We initiated our portfolio pivot by entering into the consumer goods sector through the acquisition of Ingrain (THS) in South Africa, an acquisition that will provide us with access to the less cyclical consumer sector without having direct exposure to the end-consumer.
We believe a balanced portfolio will generate long term value for all our stakeholders and is key in Barloworld’s ability to deliver value while adapting and transforming to ensure long term growth.
The creation of Ingrain
On 31 October 2020 Barloworld successfully concluded its landmark acquisition of Ingrain. Having proved resilient throughout the COVID-19 lockdowns and other restrictions, Ingrain validates Barloworld's strategy of entering the defensive food sector, creating exciting new opportunities for employees and customers in the years ahead.
The transaction is in line with Barloworld’s strategy and supports its journey of becoming a focused industrial company, with a balanced portfolio of enduring businesses across key markets. Ingrain’s new identity solidifies Barloworld as an industry leader that is deeply rooted in the South African heritage. Similar to how grains grow and adds value across different industries, Ingrain will continue to have an impact in its new home with the ‘One Barloworld’ family.