Ethos Buys South Africa Corporate Clothing Company Kevro For $108m
Johannesburg-based private equity firm Ethos has bought South African corporate clothing company Kevro for ZAR850m ($108m).
Founded in 1990, Kevro supplies corporate clothing and promotional products in Africa. The company’s products are primarily marketed under Barron brand. Kevro also distributes CAT Work & Leisure Wear, Nike Golf Wear, and Indestruktible Bags.
Kevro operates from six locations within South Africa. The group’s headquarters is located in Modderfontein, Johannesburg, which houses its main warehouse, procurement and administrative divisions. The other five sites in Durban, Cape Town, Pretoria, Port Elizabeth and Bloemfontein.