chryso acquisition of a.b.e. construction chemicals · construction chemicals, which started in...
TRANSCRIPT
Representatives from FLOORS attended an international product fair
showcasing the finest equipment and technology in the building
sector, which was successfully hosted by Pan Mixers South Africa
(PMSA) – one of Africa’s leading manufacturers of concrete block,
brick and paving machinery.
The fair, which was held on 15 and 16 September 2010 at PMSA’s
factory in Graniet Street, Jet Park, featured a range of new products,
including a European-manufactured Fiori self-loading concrete
mixer that has an on-board weighing system.
Following the success of last year’s event, PMSA hosted the fair for
a second year running to provide industry with the perfect opportu-
nity to learn more about new trends and technology in the industry.
PMSA director Walter Ebeling says: “We feel that it is our responsi-
bility as market leaders to showcase the technologies that are avail-
able to our customers. Last year’s fair was a great success, with more
than 400 people attending the two-day event. We have made this
year’s event bigger and better, with additional exhibitors, product
launches and demonstrations.”
Guest speakers at this event included Clem Sunter, a world-
renowned global strategist and scenario-planner, who held an
intriguing talk on the future of the South African construction
industry, and Jean Tresfon, who gave a presentation on ‘green’ build-
ing and how the concrete industry can capitalise on this growing
trend.
Attendees were also provided with tips and advice by numerous
experts in their respective fields, including a talk presented by the
Cement and Concrete Institute (C&CI) on the sustainability of the
concrete industry.
Established in 1976, PMSA is a leading manufacturer of a wide
range of concrete block, brick and paving machinery, turbine and
counter-current pan mixers and batching plants for the Concrete,
Refractory and Ceramic industries.
PMSA’s international product fair back by popular demand
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N e w s
F LO O R S O c t o b e r N o v e m b e r 2 0 1 0
“Last year, Chryso expanded its product range to include
cementitious products such as grouts, repair materials, water-
proofing and other construction products. This move has been
extremely successful and the a.b.e. acquisition will accelerate our
growth into these market sectors.”
“Future plans for a.b.e. include reinforcing the management
team, upgrading the production facilities, and strengthening the
research and development programmes while using existing a.b.e.
channels into the market to intro-
duce new products that further
enhance the a.b.e. current product
range.”
“I am extremely excited about this
deal and see benefits for Chryso
and a.b.e. as well as for suppliers
and customers,” Seymore adds.
Chryso acquisition of a.b.e. Construction ChemicalsThe complex process of Chryso Southern Africa acquiring a.b.e.
Construction Chemicals, which started in February this year, has
now reached its final stages. The move will result in a.b.e. delist-
ing from the JSE, with Chryso taking ownership and manage-
ment control of the company by the end of September 2010.
Norman Seymore, the current managing director of Chryso, will
be CEO of both businesses after the acquisition is completed.
“Initially, a.b.e. and Chryso will run independently from one
another while integration possibilities and opportunities are
studied. However, there will be strong cooperation between all
the departments and divisions of the two companies,” explains
Seymore.
“Chryso Southern Africa has established itself as a major sup-
plier of concrete and cement admixtures in South Africa due to
its investment in plant infrastructure and new technologies as
well as technical and customer support. a.b.e. provides specialised
construction products to the building, civil engineering and main-
tenance industries, and is a long-standing and successful business
with a large network of branches and distributors,” he says.
Norman Seymore, MD of Chryso, will assume the posi-tion of CEO of both Chryso and a.b.e. Construction Chemicals, after the Chryso acquisition is completed.>>