On Wednesday, Clearwater Capital, a private equity fund manager, announced the acquisition of SnoLink Logistics, the temperature-controlled storage and logistics arm of Etlin International, through a business rescue deal.
This strategic move reflects Clearwater’s long-standing interest in the sector and aims to enhance South Africa’s evolving supply chain by offering a reliable route to market.
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Clearwater Capital acquires SnoLink logistics
The acquisition of SnoLink Logistics aligns with Clearwater Capital’s strategic goals, as Executive Chairman Harish Mehta noted: “This acquisition reflects South Africa’s evolving supply chain, offering a reliable and trustworthy route to market.”
Clearwater had been interested in this sector for several years, making this purchase a deliberate step in expanding their portfolio.
SnoLink Logistics will continue to serve its existing customer base, which includes several blue-chip retailers, ensuring continuity and stability for these clients.
Clearwater Capital plans for SnoLink logistics growth
Under Clearwater Capital’s ownership, SnoLink Logistics will maintain its workforce of 480 employees and embark on a national expansion to increase its capacity by 43 per cent.
A new facility is planned for Gqeberha, Eastern Cape, and construction will begin in 2026. This expansion will enhance the company’s ability to handle temperature-sensitive products like ice cream and mechanically deboned meat, providing importers greater confidence in accessing the South African market.
Christopher Nulliah, who will remain Managing Director, expressed excitement about navigating this new chapter under Clearwater Capital’s ownership.
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About Clearwater Capital
Clearwater Capital is a private equity management company based in South Africa, founded in 2004. It focuses on strategic investments, particularly in secondary agriculture, food, and technology sectors.
The company is known for its entrepreneurial insight and operational excellence, aiming to generate superior returns.
As a black fund manager, Clearwater provides empowerment credentials to its portfolio companies. It has achieved a realized IRR of over 26 per cent since inception and manages assets of approximately R1 billion.