Pasdec acquires 31% of CRH Africa

Among Pasdec's major customers are Nissan South Africa, Renault South Africa and Mercedes-Benz South Africa. The deal - Pasdec said - forms part of its diversification and growth strategy in the local and international automotive component markets. CRH Africa has two local operating plants, one in Port Elizabeth and the other in Johannesburg, while Pasdec has three manufacturing plants, in Brits and East London.

"We consider it to be a great privilege to be formally associated with CRH Africa, which has a successful track record spanning more than 45 years," Pasdec CEO Kevin Pather told Engineering News, adding "[t]ogether with Pasdec's 42 years' experience in the automotive components industry, this represents a very strong partnership."

Read the full article on www.engineeringnews.co.za.