The Infrastructure Specialist Group (ISG) has announced the sale of clay brick manufacturer Ocon Brick to Willem Pienaar and his partner Mike Koch.
Albert Weber, CEO of ISG said: “ISG regularly evaluates and reviews its operational activities to ensure that our long-term strategies and objectives remain on track. After a careful analysis, the Board decided to focus on the core business that Rocla and Technicrete afford the group, and therefore decided to sell Ocon Brick”
“With the strong demand for Technicrete and Rocla manufactured products in the industry and with Government’s committed spend on infrastructure we see a bright future for the businesses. Both brands are well established industry leaders, our long-term strategy is to grow and further enhance our service offering to the industry,” Weber said.
Weber continued: “On behalf of the IS Group I would like to thank management and the entire team at Ocon Brick for their dedicated contribution to Ocon’s success during the past five years that they have been part of ISG”.
Rocla and Technicrete are South Africa’s key manufacturers and suppliers of precast concrete products that service the infrastructure building and mining sectors nationally and in neighbouring countries. Rocla celebrated its 100th birthday in 2017 and Technicrete celebrates 50 years of operation in 2018.
The IS Group comprises Rocla and Technicrete brands.
More information from: Malebusa Sebatane, Tel: 011 670 7600 Cell: 078 803 9863 email: Malebusa.Sebatane@isgroup.co.za