South African logistics group Imperial Holdings will buy a 70% stake in Kenyan pharmaceutical distributor Surgipharm for R456 million ($35 million) in line with its African growth strategy, the company said on Wednesday.

Surgipharm, which is headquartered in Nairobi, is a leading distributor of pharmaceutical, medical, surgical and allied supplies in Kenya, with an annual turnover of about $70 million, the company said in a statement.

Imperial chief executive Mark Lamberti said, “Surgipharm accelerates our industry presence and relationships with pharmaceutical principals on the African continent and provides an excellent platform for Imperial Logistics’ future growth in other East African markets.”