Afrimat buys quarrying and block making business

Posted On Monday, 16 July 2007 02:00 Published by
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Building materials supplier Afrimat has bought Scottburgh quarries - a quarrying and block manufacturing business - for an undisclosed amount.

Construction Industry"The acquisition is in line with Afrimat's strategic objective of strengthening its presence in key metropolitan areas and in a region where significant growth is expected," the company said on Monday.

Scottburgh quarries comprise two commercial quarries in Scottburgh and Pietermaritzburg and block manufacturing plant in Scottburgh.

The acquisition is subject only to the fulfilment of certain administrative conditions. 

Afrimat, which debuted on the JSE in November last year, recently acquired quarries and sand mines business Malans Group for 125 million rand, entrenching the group's presence in the Western Cape.

 

 

Last modified on Tuesday, 15 October 2013 13:44

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