Company History

Journey to the Present

’63

Prima established

Lancaster established

’65

’73

Lancaster Precast established

Empowerment transaction between Mega Oils and Prima

‘03

‘06

Afrimat formed from merger of Lancaster and Prima

Afrimat listed on JSE Main Board in ‘Construction and Building Materials’ sector

Acquired Malans Group and Denver Quarries

‘07

‘08

National footprint into Gauteng, Limpopo and Mpumalanga

Establishment of an employee benefit scheme

‘09

‘11

Diversification into industrial minerals with acquisition of Glen Douglas dolomite quarry

Diversification into clinker market with acquisition of SA Block Group

‘12

‘13

Acquisition of 50,7% stake in Infrasors Holdings Limited

Established Greenfields Mpumalanga (Dingwell Quarry Rocky’s Drift)

‘15

‘16

Acquisition of Cape Lime

Acquisition of 100% Bethlehem quarry
Acquisition of 100% Demaneng Iron Ore Mine
Introduction of ARC as a strategic shareholder

‘17

‘19

Acquisition of 27.27% of Unicorn Capital Partners Limited

Acquire remaining minorities in Infrasors (Infrasors is 100% owned by Afrimat Limited)

‘20

‘21

Acquisition of 100% of Nkomati Anthracite (Pty) Ltd out of Business rescue.

Acquisition of remaining shareholding in Unicorn Capital Partners Limited. Subsequent restructuring and the disposal of assets not part of Afrimat’s core diversification strategy.