Supergroup

18/08/2011

Super Group acquires specialist bulk dry goods transporter Haulcon

Super Group has announced the acquisition of Haulcon, a specialised bulk dry powder and liquids distribution business, at a cost of R46 million effective 1 July 2011.

Haulcon provides short and long haul dry bulk tanker transportation services to clients in the Civil Engineering, Construction, Mining and Cement industries.

The company currently operates a fleet of over 90 dry bulk tankers and is well positioned for further growth under the Super Group umbrella.

Super Group CEO Peter Mountford confirmed the Haulcon acquisition at the company’s 2011 financial results presentation and commented that it complemented the Group’s strategy of pursuing synergistic acquisitions in similar niche industries.