Pneumax Southern Africa incorporated into Torre Parts and Components
September 2015
News
Through the recent acquisition of the Set Point Group by Torre Industries an opportunity has presented itself to leverage the existing infrastructure within the Torre Industries group and its associated business units.
The largest business unit within the group, Torre Parts and Components, is well established with revenue of R700 million, employing 600 people, and with an established footprint in the automotive, commercial, mining, marine and industrial sectors. Management believes it is therefore logical to leverage this infrastructure and its associated resources, and has taken a decision to integrate Pneumax as a division within this larger business unit.
Pneumax will form an integral part of the industrial and mining pillar of Torre Parts and Components and will continue to retain its brand identity, its relationship with customers, its suppliers and all other stakeholders, whilst having the ability to leverage the resources of a larger business unit in order to expand and grow.
The integration will be phased in over a period of a few months and the organisation looks forward to the continued development of Pneumax.
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