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Afrimat boosts Cape presence with R125 million acquisition of Malans quarries

In its first acquisition since a record debut on the JSE in November 2006, black empowered building supplies group Afrimat Limited has acquired the Malans Group (ā€œMalansā€) in the Cape for R125 million. The earnings-enhancing acquisition adds strategically located quarries and sand mines to Afrimatā€™s portfolio, further boosting the groupā€™s…

Tanya Pretorius

Afrimat: Head of Communications
Tanya.pretorius@afrimat.co.za

Vanessa Ingram

Keyter Rech Investor Solutions
Vrech@kris.co.za