The acquisition negotiated between two prominent companies will be the beginning of several great ventures that will further increase the success of both companies nationally.
It is with great pleasure that Matco announced that on 1 February 2015 the company officially joined the globally successful COBA International privately funded group of manufacturing and distribution businesses located across nine countries in Europe, Asia and Africa, with its headquarters in the UK.
While ownership has changed, it is very much business as usual for Matco and its customers. The business will continue to trade as Matco within the COBA International Group. It remains under the management of the same Matco team of people, with Nicole Herron at the helm as Managing Director based at Matco’s Johannesburg facility.
Like Matco, COBA is also an established name that knows the matting business inside-out and already has a strong presence in South Africa with COBA Plastics in Cape Town. With its headquarters in the UK, it is known as COBA Europe and considered a leading manufacturer and pan-European supplier of commercial entrance mats and floor safety products for the workplace.
Given the product offerings of Matco and COBA Europe, both in South Africa and abroad, there is an ideal synergy between the companies. Geographically it means that both South African companies can efficiently supply customers throughout South Africa with a reach stretching from the North West of the region through to the Western Cape.
“We embrace this acquisition and are confident that we share the same core values,” enthuses Nicole Herron. “We feel the time is now right for Matco to have even greater opportunities. As part of COBA International, we’ll have access to exceptional resources which will only enhance our product offering and the services we provide our customers. Under COBA ownership, Matco is in very safe, experienced hands.”
According to Mark Cooke, CEO of COBA International, they are delighted to welcome Matco to their group. “We have been impressed by Matco, its people and its products which bear a great similarity to those offered by COBA. It is the perfect fit alongside our matting business in Cape Town, and strategically allows us to fulfil sales potential throughout South Africa.”