Group Five buys cement extender

group five buys cement extender

construction and engineering group group five (grf) has bought bernoberg, a cement extender, for r32m to expand its manufacturing and construction materials portfolio, it said on monday.

the deal is effective from 1 october 2007.

"the demand for slag-based cement extenders frequently exceeds the available supply due to the limited quantities of suitable granulated slag produced from south africa's steel mills," the group said.

mike upton, group five ceo, said bernoberg further diversified the group's business portfolio in the construction materials supply sector and complements its existing product range.

"as with our previous acquisitions in this cluster, namely quarry cats and sky sands, bernoberg will be value enhancing as it will operate at higher margins than our group's average," said upton.