Ainsworth Engineering and United Valve Company change ownership under BBBEE deal

Valve manufacturer Ainsworth Engineering and distributor United Valve Company were sold to new owner Siyabonga Meyiwa in a deal funded by the Industrial Development Corporation. The sale concluded in September 2018 and the companies were upgraded to Level 1 BBBEE status.

“Valve manufacturer Ainsworth Engineering and its sister company valve distributor United Valve Company (UVC) are under new ownership and have been upgraded to Level 1 broad-based black economic empowerment (BBBEE) status.”miningweekly.com

• 1 source
• miningweekly.comValve companies upgraded to Level 1 BBBEE statusNov 9, 2018

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