An acquisition has increased steel supplier Tradecore Steel’s processing capability in KwaZulu-Natal and further consolidates the company’s sub-Saharan footprint.
Tradecore has acquired the KwaZulu-Natal assets of Gibbsteel, a producer of value-added steel products.
The acquisition, effective June 1, sees Tradecore Steel take over Gibbsteel’s processing plant and facilities in Durban, as well as all equipment, stock, staff and clientele.
The operation has been renamed accordingly, though Gibbsteel will continue to exist and operate from its Boksburg facilities.
“Gibbsteel has a great name in the industry and we’re excited to resume their excellent work, both as producers and suppliers of world-class products,” says Tradecore founding partner and director Jean-Paul Briner.
The facility, based in Pinetown, processes steel coil into a range of value-added steel products, including roofing profiles, slit sheets, sheets/blanking and fencing. This complements Tradecore’s production facility in Gauteng, which features five state-of-the-art processing lines.
“This acquisition grows Tradecore’s processing capabilities and gives us the flexibility to supply our customers according to their specific needs with reduced lead times. We’re looking forward to the opportunities this acquisition affords our business and our customers,” Briner comments.