Cashbuild buys Pepkor subsidiary for R1.1 billion

accreditation
Cashbuild has reached an agreement to acquire Pepkor’s The Building Company.
Cashbuild has reached an agreement to acquire Pepkor’s The Building Company.
Getty

Cashbuild is set to acquire Pepkor subsidiary The Building Company (TBC), formerly known as Steinbuild, for about R1.1 billion.

With 160 outlets and 21 franchises, TBC is a building materials retailer and wholesaler, providing products to the residential, commercial and industrial markets markets.

The group's brands include Timber City, Buco, and Tiletoria. It has a presence in Namibia, Botswana and Zambia.

Cashbuild CEO, Werner de Jager, in a statement said the transaction was part of the group’s strategy to expand its footprint and give it access to additional segments of the market.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
17.92
-0.8%
Rand - Pound
20.03
+0.5%
Rand - Euro
17.58
-0.0%
Rand - Aus dollar
11.50
+0.3%
Rand - Yen
0.12
-0.6%
Gold
1,712.14
-0.3%
Silver
20.59
-0.3%
Palladium
2,275.31
+0.8%
Platinum
926.89
+0.5%
Brent Crude
93.37
+1.7%
Top 40
59,416
+0.4%
All Share
65,833
+0.3%
Resource 10
63,279
-0.6%
Industrial 25
80,027
+1.0%
Financial 15
13,997
+0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders