Tradecore Steel Acquires Kzn Assets of Gibbsteel Pinetown
Wadeville Johannesburg based South African Tradecore Steel Group of Companies has acquired the KwaZulu-Natal assets of Gibbsteel, a producer of value-added steel products. The acquisition, effective 1 June 2021, sees Tradecore Steel take over Gibbsteel’s processing plant and facilities in Durban, as well as all equipment, stock, staff and clientele. The operation has been renamed accordingly, thus expanding Tradecore Steel’s South African based processing facilities and the company’s footprint in KwaZulu-Natal. The facility, based in Pinetown, processes steel coil into a range of value-added steel products, including roofing profiles, slit sheets, sheets/blanking and fencing. This complements Tradecore’s production facility in Gauteng, which features five state-of-the-art processing lines.
Gibbsteel will continue to exist and operate from its Boksburg facilities.
The Tradecore Steel Group, now in its seventh year of operation, continues to expand its footprint throughout Sub-Saharan Africa, providing expertise in the processing, trading and distribution of a wide range of steel products to the construction, mining, rail and power industries.