Roofing investment bolsters local manufacturing industry

by Ofentse Sefolo
Roofing investment bolsters local manufacturing industry

The recent acquisition of Marley Roofing by the Kutana Group, one of South Africa’s leading black female investment companies, is further evidence of the Group’s support of the South African manufacturing sector.

Access to new sectors
“Investing in South Africa’s manufacturing sector is core to our belief in the South African story and to our commitment to keeping and creating jobs in South Africa. Marley Roofing has a long history of being a well-run business that we believe fits firmly in our industrial cluster strategy of local supply to the retail, building supply, mining and agricultural sectors,” says Thoko Mokgosi-Mwantembe, Chief Executive Officer and founding member of Kutana.

Alignment of strategic focus
“Together we will not grow only the Marley Roofing business but work together to help grow the South African manufacturing sector,” says Nathan Rickinson, Managing Director of Marley Roofing. “We believe that in Kutana we have found a partner that importantly, shares our organisational values and believes in the South African story.”

Growing sustainable investment
The Marley Roofing acquisition will form part of the Kutana Group’s industrial cluster, which includes Atlas Plastics, Plastinternational, Herschell (greases and lubricants) and SVA Holdings (supply chain and risk management), amongst others. The Group holds investments within the media and telecommunications, food services, property, financial services and industrial manufacturing sectors.

Steered by an experienced management group with more than 70 years’ combined experience in shaping successful investments in South Africa and Africa, this is a much-needed investment success story.

A partnership of inclusivity
The investment by a highly respected BEE team will open opportunities for Marley Roofing to extend its services to local government and support its clients with the appropriate BEE credentials.

“This partnership demonstrates our support for the government’s inclusive economic growth strategy. With the executive and operational team remaining in place, we can continue to provide our customers and suppliers with the exceptional service levels and product performance they have come to expect and trust from Marley Roofing,” explains Nathan Rickinson, Managing Director of Marley Roofing.

Marley Roofing
Tel: 010 600 0284
Website: www.marleyroofing.co.za

Kutana Group of Companies
Tel: 086 111 2343
Website: www.kutanagroup.co.za

Caption: Thoko Mokgosi-Mwantembe, Chief Executive Officer of the new holding company, Kutana Group of Companies. Nathan Rickinson, Managing Director of Marley Roofing

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