Electric cabling specialist sets sights on merger and acquisition opportunities in SA and rest of Africa
Low-voltage electric cabling specialist South Ocean Holdings could be on the deal trail.
Smith pointed out that SOH, now the largest manufacturer and distributor of low-voltage electric cable in SA, had seen demand for its products outstrip supply. “We have therefore continued to focus on expanding our production capacity to cater for this demand.” He said SOH would also continue implementing its strategy of backwards integration and explore new distribution channels for its products to further strengthen the business.
Smith said SOH would still explore opportunities in Africa “as moving into new territories is one of the most immediate ways to secure growth”. SOH was unable to respond to this by implementing phased shift cycles due to stage 6 load-shedding and so put the entire workforce on short time to manage costs.
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