VAMARA GROUP ACQUIRES MAJORITY SHARE IN CANDLEX LIMITED
We are pleased to announce that with effect from 1st January 2019 we have finalized the involvement of Vamara Group Limited as a majority shareholder in Candlex Ltd.
Vamara Group is a Fast-Moving-Consumer-Goods (FMCG) company with extensive operations in East and Southern Africa and selected international markets. Vamara has steadily developed leading brand positions within groceries and homecare categories and seeks to support, develop and enrich local communities through its value-enhancing operations. In Malawi, Vamara owns Golden Goodness and Super Ufa brands, among others.
Candlex has steadily established itself as a leading manufacturer of well-known home and personal care brands within Malawi. The development has come as part of the company’s growth strategy as it pursues to provide better home and personal care solutions to consumers.
Michael Hubbe, Candlex Managing Director, said “Vamara Group through its investment in Candlex Limited presents an exciting opportunity for the business to achieve its objective of greater growth by entrenching personal care manufacturer in Malawi”. He added that both management teams have expressed their eagerness to pursue this new chapter for Candlex.
To learn more about Vamara Group, visit the website link - [www.vamara.com]