Private equity fund manager Clearwater Capital has announced the purchase of Etlin International (Pty) Ltd’s temperature-controlled storage and logistics arm through a business rescue deal. This division, SnoLink Logistics, will continue to serve its existing customer base, which includes several Blue Chip retailers.
“This acquisition reflects South Africa’s evolving supply chain, offering a reliable and trustworthy route to market,” commented Clearwater Capital Executive Chairman, Harish Mehta. “Clearwater has had an interest in this sector for several years – this acquisition was a strategic one. Furthermore, It creates new opportunities for importers of temperature-sensitive products, like ice cream and mechanically deboned meat, to access the South African market with greater confidence.”
Under the new ownership structure, the logistics provider will maintain its workforce of 480 employees. However, there are plans to grow the company in the near future. Currently, expansion is underway nationally to increase the company’s capacity by 43%. Part of this includes building a new facility in Gqeberha, Eastern Cape, with construction due to commence in 2026.
Christopher Nulliah, who has been with the company for over two decades, will remain SnoLink Logistics’ Managing Director. “Navigating this new chapter under Clearwater Capital’s ownership presents an exciting opportunity for SnowLink,” said Nulliah.
He added, “Our continued commitment to excellence and strategic expansion plans will allow us to better serve our customers. With a focus on enhancing capacity and maintaining the highest standards in temperature-controlled logistics, we are poised for even greater growth in the years ahead.”
Currently, the temperature-controlled storage and logistics arm specialises in several key services, such as the import of food products; however, it facilitates exports as well. Furthermore, SnoLink also provides solutions for frozen, chilled, and ambient temperature–controlled product warehousing, port clearing services, and long haul and fine distribution to the country’s leading retailers.
Additionally, SnoLink facilitates the export of local products, such as frozen concentrate, used in the US and European beverage industries.
Through this expanding transition, SnoLink has acquired certifications and accreditations, such as FSSC22000, a distinction granted to only a handful of cold storage operators to date. Other accreditations include PPECB, which qualifies SnoLink to handle perishable cargo exports.
Clearwater Capital, a majority black-owned private equity management firm, was founded in 2004. The firm combines strategic and entrepreneurial insight with operational excellence to deliver strong returns and drive positive social impact. Clearwater Capital is a partner of City Logistics in Fastway Couriers.
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Author: Nikki Chennells from Have Your Say on behalf of Clearwater Capital.
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