New Beginnings for Masslift Africa
Masslift Africa, the powerhouse in material handling solutions and the exclusive distributor of Mitsubishi Forklift Trucks in Southern Africa, is proud to announce a recent buyout. The move, led by the Executive team and the Board's Chairman, Nelson Mwale, signals a new chapter in the company's rich history.
Under the new ownership structure, CEO Marco Caverni, CFO Thembi Mazibuko and Chairman Nelson Mwale (along with his association) have acquired increased shareholdings in the company. This strategic shift was made possible with solutions from the FNB Leveraged Finance team, and we are proud to support - and be a part of - their exciting business journey.
A notable outcome of the buyout is the attainment of Level 1 Broad-Based Black Economic Empowerment (B-BBEE) certification - a testament to Masslift's unwavering support for diversity and inclusion. With over 60% direct black ownership and 20% black female ownership, Masslift Africa stands as a beacon of inclusivity. In embracing this transformative change, the company underscores its dedication to industry leadership and customer satisfaction.
We are committed to driving business continuation, expanding businesses and unlocking cash flow when clients need it most. Let us help you achieve your business goals through our leading Leveraged Finance team who will assist you in making the most of your business opportunities.
