https://www.engineeringnews.co.za

M&R sells manufacturing units for R1.3bn as repositioning continues

28th June 2013

By: Terence Creamer

Creamer Media Editor

  

Font size: - +

Construction and engineering group Murray & Roberts (M&R) reported on Friday that it had agreed to sell four of its construction-products businesses for R1.3-billion to consortiums comprising private-equity companies and management.

The group of businesses disposed included Much Asphalt, Rocla, Technicrete and Ocon Brick and M&R also confirmed that negotiations with potential buyers of its steel-piping subsidiary, Hall Longmore, were ongoing.

Much Asphalt was sold to a consortium comprising private-equity firm Capitalworks together with certain Much Asphalt senior management and executives.

The Ocon Brick, Technicrete and Rocla businesses, meanwhile, were sold to a consortium comprising Capitalworks, RMB Ventures and certain senior management of those businesses.

The disposal formed part of an ongoing strategic repositioning of M&R, which was being led by CEO Henry Laas.

The JSE-listed group had already disposed of steel producer Cisco, which it sold in 2012 to DHT Africa, a unit of a Turkish company, and Union Carriage & Wagon, which was sold in early 2013 to black economic-empowered Commuter Transport Engineering.

Laas said the proceeds would be used to reduce debt and invest in market sectors and geographies that presented growth potential for its engineering and construction businesses.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

Parks Tau
Tau emboldened by World Bank study findings on SEZs
Updated 25 minutes ago By: Lumkile Nkomfe

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 July 2026
Magazine round up | 03 July 2026
3rd July 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.059 0.092s - 135pq - 2rq
Subscribe Now