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ENGINEERING SERVICES
Sars assessments not aimed at BEE structure – Hudaco
Industrial distributor Hudaco Industries on Tuesday said assessments it had received from the South African Revenue Service (Sars) did not dispute the group’s black economic-empowerment (BEE) structure, as initially thought, but targeted other...12 Feb 13
ACQUISITIONS
Hudaco announces two acquisitions
Industrial distributor Hudaco on Wednesday reported buying the assets and liabilities of imported battery group Deltec Power Distributors, as well as Proof Engineering. Hudaco would pay R41.5-million for Deltec and a maximum of R25-million for...By: Natasha Odendaal
04 Jul 12
FINANCIAL RESULTS
Hudaco earnings up, demand from mining sector remains weak
South African industrial distributor Hudaco on Friday reported that the demand for its products from platinum mines remained under pressure, but that its engineering consumables sector was looking promising. A significant percentage of Hudaco’s...By: Megan Wait
29 Jun 12
INDUSTRIAL EQUIPMENT
Hudaco eyes further acquisitions after strong 2011
Industrial distributor Hudaco would be investigating further business acquisitions, following its record-breaking results reported for the 2011 financial year, chief executive Stephen Connelly said on Friday. Over the past 15 months, the company...27 Jan 12
Engineering & Manufacturing
Hydraulic, pneumatic equipment supplier expands product range
Over the last decade, pneumatic and hydraulic equipment supplier Ernest Lowe has become one of the largest local manufacturers and reconditioners of hydraulic cylinders in Southern Africa, says CEO Mark Tarboton.By: Joanne Taylor
09 Dec 11
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