Late last year, Barloworld and BayWa announced that they had signed an agreement to establish a joint venture to further their materials handling and agriculture operations. Barloworld South Africa and BayWa each has a 50 percent stake in BHBW, which will build on Barloworld’s Handling and Agriculture businesses in southern Africa. We are pleased to announce that the joint venture has been approved by all relevant Competition Commissions and BHBW South Africa (Pty) Ltd will be operational from 1 March 2017. The joint venture partnership has the approval of Hyster and UTILEV principal Hyster-Yale Company and AGCO, manufacturer of Massey Ferguson, Challenger and Fendt products, amongst others.
The Barloworld Handling and Agriculture management team remains in place, as do staff and the existing countrywide branch infrastructure. BHBW will continue to operate from the Boksburg office. As we transition to BHBW South Africa (Pty) Ltd, it is important for us to closely manage our relationships with all stakeholders. Should you have any questions, kindly direct them to email@example.com. Please visit www.bhbwholdings.co.za for more information about this exciting new venture.