Durban-based private equity firm Jacobs Capital and its partner Black Bird Capital are confident that investment of around R300-million will place struggling hardboard manufacturer Masonite back on its feet in the short to medium term. The troubled company was placed in business rescue in December 2015 after poor market conditions prevented it from recovering after an explosion at its 68 000 m² wood based fibre pulp mill in Escourt, KwaZulu-Natal, in June 2014.
Source: www.engineeringnews.co.za
Jacobs Capital, partner invest R300m in recapitalising KZN hardboard manufacturer
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