West African Group (WAG) has been sold to West African International (Pty) Ltd. The polymer, chemical and rubber trading business had been operating as a division of Metmar since 2008, when it was bought as a package from West African Ventures and West African International – so the change effectively returns (WAG) to its former home and the funding partners, Jack Doherty, Brent Hean, Rob Macnab and Willie Esterhuizen have regained management control.
The business will now be a division of West African International, a privately-owned company. Metmar said in a statement that it had identified certain core assets of its business and, with the ongoing process to dispose of non-core investments, found it to be an opportune time to sell WAG.
WAG supplies a range of polymers – including polyethylene, polypropylene and polystyrene grades, synthetic and natural rubber, chemicals and engineered carbons – to convectors in South Africa and neighboring states.
Management advised that WAG had grown substantially over the last few years and the brand has been well supported by its principals, service providers, staff members and customers.
“We are very thankful for this loyal support and hope to continue growing the business into the future, whilst the core focus will remain on the sales and distribution of polymers, chemicals, engineered carbons, synthetic and natural rubber,” said the statement.