Rare Holdings has signed a deal worth R30,9 million that will enable the company to significantly strengthen its position as a major manufacturer, distributor and service provider of piping and related products covering the entire fluid conveyance cycle locally and in Sub Saharan Africa.
This deal includes the acquisition of a manufacturing plant, fixed assets and property in Meyerton, which will enable the company to manufacture High Density Polyethylene (HDPE) pipes up to 1 000 mm in diameter for the mining, infrastructure, agricultural and industrial markets. This will be Rare’s first venture into manufacturing HDPE pipes.
Rare has also appointed Tony Dean, a very well-known plastic pipe industry leader, as managing director of the new pipe manufacturing division of Rare.
The new division will trade under the name Rare Plastics. Dean previously managed some well-known plastic pipe businesses in South Africa and Botswana and comes with over 30 years’ industry experience.
According to the CEO of Rare Holdings, Wally van Coller, this acquisition will improve Rare’s competitiveness in offering piping solutions to the industry by supplying a turnkey service ranging from manufacturing through installation and maintenance.
Rare’s main activities will remain in Kliprivier while Rare Plastics will manufacture HDPE pipes in Meyerton. Rare will shortly officially launch the products from Rare Plastics.