The Infrastructure Specialist Group (ISG) has sold clay brick manufacturer Ocon Brick to Willem Pienaar and his partner Mike Koch.
CEO of ISG, Albert Weber, says the board took a decision to focus on the core business that Rocla and Technicrete afford the group, and therefore decided to sell Ocon Brick.
“ISG regularly evaluates and reviews its operational activities to ensure that our long-term strategies and objectives remain on track,” Weber notes.
“With the strong demand for Technicrete and Rocla manufactured products in the industry and with the Governments 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” he continues.
“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,” Weber concludes.
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.