Catalyst Principal Partners has entered into a deal with top three mattress manufacturers in Kenya, Uganda and Malawi in a move to acquire Superfoam Limited, Euroflex Limited and Vitafoam Limited respectively.
The acquisition deal by the Nairobi-based private equity firm will merge the top tier mattress manufacturers into a new company named Mammoth Foam Africa, run by the new entity Catalyst Mattress Africa (CMA).
Euroflex, a leading manufacturer of Standard, High Density and Orthopedic mattresses, exporter and supplier of polyurethane foam mattresses in Uganda and Malawi’s Vitafoam agreed to the deal after the advice from a Nairobi-based advisory firm, StratLink.
