Company Announcement - AfriSam, the largest producer of concrete materials in southern Africa, has acquired an equity stake in Port Elizabeth based Concrete 4 U, expanding its footprint in the Eastern Cape. AfriSam has an existing well established cement presence in the Eastern Cape through its depots in East London, Queenstown and Port Elizabeth, which are supplied from its highly efficient integrated cement plant in Ulco, in the Northern Cape. This acquisition augments and strengthens AfriSam’s ability to provide superior quality concrete solutions to its customers in this region.
“The equity acquisition in Concrete 4 U expands AfriSam’s readymix footprint in the Eastern Cape region and fully aligns with our growth strategy”, says AfriSam CEO, Stephan Olivier. “We are making good progress with our growth plans and this transition will also be further strengthened by our planned grinding plant at the Coega Industrial Development Zone. Our intention is to begin construction soon as we have received a positive environmental authorisation,” he adds. Established in 1994 Concrete 4 U is, in its own right, a leading producer of quality readymix concrete in the region. With distribution plants in Port Elizabeth, East London, Mthatha and Port St Johns, Concrete 4 U prides itself in the production and distribution of quality concrete. With its sound infrastructure, technological prowess and committed people, Concrete 4 U is well positioned to expand its customer base, offering quality products and support services throughout the region.
“The relationship with AfriSam is in line with our progressive strategies, allowing us and our customers to benefit not only from the production and supply of quality products, but also with the integration of technologically advanced systems” said Deon Fourie, managing director of Concrete 4 U. `The AfriSam and Concrete 4 U affiliation forms a strong foundation for continued future expansion within the construction industry as a whole, creating job opportunities and security in tandem with future economic developments.