CA&S Group acquires TDMC in African distribution push

What's the deal? South Africa's CA&S GroupDealroom has a profile for this one. Try Dealroom → has acquired TDMCDealroom has a profile for this one. Try Dealroom →, building on an earlier 30% stake and moving toward majority ownership. The deal value was undisclosed.

What's the endgame? CA&S Group had signalled plans to increase its holding beyond the initial minority position. This acquisition completes that path to control.

The signal: The move points to continued consolidation among African distribution and services players, as larger groups convert minority stakes into outright ownership to lock in scale.

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