AFRICAN OXYGEN LIMITED - Afrox retains R130 million Massbuild contract
AFX 201509020004A
Afrox retains R130 million Massbuild contract
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
ISIN: ZAE000067120
JSE code: AFX
NSX code: AOX
("Afrox")
Afrox retains R130 million Massbuild contract
Shareholders are advised that Afrox has retained the Massbuild LP Gas
supply agreement to September 2020. Massbuild operates four
complementary brands:
- Builders Warehouse, which operates large DIY and home improvement
stores in major urban areas;
- Builders Express, a chain of smaller neighbourhood home and garden
improvement stores;
- Builders Superstore, is a value home improvement format in townships
and towns, servicing surrounding rural areas; and
- Builders Trade Depot, a chain of building contractor outlets located in
industrial sites in peri-urban and urban areas focusing on delivering the
core range for all phases of building projects.
“Massbuild buys LPG exclusively from Afrox,” said Afrox Managing Director,
Schalk Venter. “The group views us as a strategic partner and we regard
Massbuild as a strategic channel to market for our LPG, strengthening our
brand equity.”
Johannesburg
2 September 2015
Sponsor
One Capital
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