P PATHER CAPITAL ACQUIRES 30.87% OF CRH-AFRICA AUTOMOTIVE
Johannesburg, South Africa, 14 December 2018 - In a significant B-BBEE transaction, P Pather Capital (Pty) Ltd has acquired a 30.87% share in CRH-Africa Automotive (Pty) Ltd.
CRH-Africa is South Africa’s leading supplier of metal seat structures and metal pressings for catalytic converters for the automotive industry.
CRH-Africa manufactures over 40 million pressed, machined and fine blanked components per annum. A large portion of pressings are manufactured and sold to internal Tier 1 Catalytic Converter Assemblers who export globally from South Africa. CRH-Africa exports directly to South America, USA, Russia, Korea and the EU.
CRH-Africa’s subsidiary Adient Pasdec assembles over 800,000 seat frame assemblies for Tier 1 Seat Assemblers, as well as vehicle OEMs in South Africa, such as BMW, Nissan, Ford and VWSA.
The majority shareholder of CRH-Africa is Adient, a global industry leader in automotive seat systems and components.
P Pather Capital has expertise and experience in the automotive component manufacturing industry through its shareholding in Pasdec Automotive Technologies South Africa (Pty) Ltd and Pasdec Automotive Technologies Botswana (Pty) Ltd.
According to Dato’ Kevin Pather, P Pather Capital’s CEO, this transaction forges a strong partnership that will ensure that the company’s expansion strategy in the automotive sector is attained.
QUALITY AND SAFETY STANDARDS
CRH-Africa is proud to be accredited and compliant with the highest quality and