Consumer goods group Libstar will dispose of a 70% equity interest in its household and personal care business unit for a price of R174.6 million, the company said in a trading statement on Monday. According to the group the disposal involves its Contactim and Chet Chemicals division – the household and personal hygiene arms of Libstar operations that manufacture household cleaning and detergent products and personal care products such as toiletries.
We got results coming out in the middle of March, so at least there’ll be positive news to discuss at the year-end results.” Clark says that if HPC is stripped out from Libsar’s upcoming results, the market should be fairly pleased with the underlying performance. “Libstar has major contracts into Woolworths and a very large growing business in Checkers.
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Libstar sells controlling stake in household and personal care businessThe food manufacturer aims to focus on its core food offerings, which generate more than 90% of revenue
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