Adcock Ingram to acquire shoe, leather products manufacturer Plush Professional

SOUTH AFRICA – Healthcare company, Adcock Ingram has concluded an agreement to buy all shares of home and shoe care supplier, Plush Professional Leather Care. Adcock Ingram’s board of directors saw the deal as an opportunity to move into the home care market, which was firmly in line with Adcock Ingram’s strategy of diversifying into less regulated product classes in the consumer sector. “We consider Plush to be an attractive investment for Adcock Ingram in a non-price regulated segment, allowing Adcock Ingram an entry into the homecare market, alongside our…

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