PPC Cement acquires Pronto Holdings
PPC is in the process of acquiring Pronto Holdings (Pty) Ltd, a key supplier of readymix concrete in Gauteng. The acquisition process was complete by June 2014 when we acquired the remaining 50% of Pronto Holdings, after acquiring a 25% stake in 2012, and another 25% in June 2013.
The transaction also involved Ulula Ash, a Pronto Holdings business supplying fly ash to the building and construction materials market. This will allow PPC to have direct access to fly ash for use in our own products and to supply to our customers.
This acquisition has given us an opportunity to establish a foothold in the readymix industry with a reputable company such as Pronto Readymix Concrete. As a leading cement supplier, we are always looking for ways to improve our cement distribution channels and expanding our services of complementary products such as aggregates and FA.
For further information on Pronto go to http://www.prontormc.com/index.html and for Ulula Ash go to http://www.ululaflyash.com/