Cement News tagged under: Southa Africa
PPC buys controlling stake in Safika Cement07 August 2013, Published under Cement NewsPPC has entered into an agreement to purchase a controlling equity stake in Safika Cement Holdings, a blended-cement producer in South Africa. The company acquired the stake for a cash consideration of approximately ZAR350m (US$35.3m). Safika owns five blending facilities and one milling operation and produces blended 32.5N cement under three brands: IDM Best Build, Castle and the Spar Build-It house brand. Commenting on its latest acquisition, PPC chief executive officer said: "We are ... |
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