Money Business

Mazor Group, one of South Africa’s leading structural steelwork and aluminium specialists has successfully acquired a 50% stake in Hulamin Building Systems HBS after the conditions of the R35m purchase had been fulfilled.

Hulamin Building Systems and their business arm Hulamin Extrusions is one of the leading aluminium-building systems suppliers to the South African architectural industry. Although the Mazor saw a drop in revenue at R273.5m, down  from R295.6m in 2009 and an operating profit loss that saw the company at R45.99m, down from R74.837m earlier.

Although the outlook Mazor Aluminium and Mazor Steel remained weak in the short term, the organization if optimistic that the Mazor Aluminium  Hulamin Building Systems (HBS) acquisition would assist to an extent in offsetting the adverse trading conditions in 2011.

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