The shareholders of Associated Central Africa Limited have purchased Associated Tobacco Company’s (ATC) Malawian subsidiary, Associated Tobacco Company (M) Limited, through a management buyout effective Oct. 1.
Although Associated Central Africa Limited is an independent company with no links to Associated Tobacco Company Limited, both companies will continue to work closely together in areas of mutual interest. All current Malawian business contracted with Associated Tobacco Company Limited will continue uninterrupted, with both parties committed to fulfilling their obligations.
The management of the Malawian operation under Allan Johnstone and his team will remain unchanged.
This restructuring initiative is intended to bring a more cost-effective service to customers.