medexpo tanzania dentexpo tanzania

Hester Biosciences to acquire 50% stake in Tanzania’s Thrishool Exim

Posted on :Wednesday , 8th December 2021

Hester Biosciences Limited has announced that its international arm, Hester India, has agreed to buy a 50% share in Tanzania's Thrishool Exim Limited.


Hester will benefit from the acquisition by expanding its distribution footprint in Tanzania and across the African continent.


According to a statement, the proposed stake acquisition will cost $2.25 million. Tanzanian regulatory approvals are required for the proposed transaction.


As of December 31, 2020, the animal health products distribution company Thrishool had a turnover of 7.10 billion Tanzanian Shillings (approximately $3 million) in Tanzania.


The company's product line includes veterinary feed additives, animal feed raw materials, nutritional supplements, therapeutics, and equipment sourced from reputable international manufacturers.


Thrishool has grown in importance over the years, establishing itself as a reputable distribution company in Tanzania's animal healthcare sector.


Expogroup is a full service exhibition organiser with over 28 years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

EXPOGROUP © 2024 | Privacy policy


Instant Reply