Johannesburg, South Africa, January 2023 – In a significant B-BBEE transaction, P Pather Capital (Pty) Ltd has acquired a 51% share in CRH-Africa Automotive (Pty) Ltd.
CRH-Africa, and subsidiary Adient-PPC, is South Africa’s leading supplier of metal seat structures, metal pressings and assemblies for the automotive industry.
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.
This transaction takes the CRH-Africa group to 51% black ownership, which has paved the way for the subsequent achievement of B-BBEE level 2.
