Afrimat bags Lafarge SA in ‘deal of the century’
The building materials group aims to meet customer demand and enhance operational efficiency with the acquisition
20 June 2023 - 07:52
UPDATED 20 June 2023 - 17:03
Cash-flush Afrimat says the deal it has inked to acquire leading construction materials provider Lafarge for nearly R1bn, will give it access to some of the best assets in the SA construction industry amid a lift in demand, at a discounted price.
“This deal gives us access to some of the best assets in the country in this industry,” Andries van Heerden, CEO of the Cape Town-based company that provides industrial minerals, commodities and construction materials, told Business Day...
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