Specialist in material handling, Barloworld Belgium, has become fully independent from its parent company, the Barloworld group, and been renamed B-Close, as part of a management buy-out agreement.
The company’s management will now acquire all of the company’s shares and it will continue all current commercial contracts under its new name.
B-Close hopes that no longer being part of a multinational, stock exchange listed structure, will allow the company to seek simplification of its internal processes.
*The new name was described as ‘B’ standing for Belgium and ‘Close’ standing for closeness to the customer.
Barloworld Belgium buy-out
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