About Afrimat
Afrimat is a company based in Bellville (South Africa) founded in 1963.. Afrimat has completed 3 acquisitions, including Glenover, Holcim and Malans Quarries. Afrimat offers products and services including Aggregates, Readymix Concrete, Lime Products, and Iron Ore. Afrimat operates in a competitive market with competitors including DuPont, Italtile, PPC, Ash Resources and Batıçim, among others.
- Headquarter Bellville, South Africa
- Stage Public
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Glenover
& 2 more
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Products & Services of Afrimat
Afrimat offers a comprehensive portfolio of products and services, including Aggregates, Readymix Concrete, Lime Products, and Iron Ore. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Supplies aggregates for construction and infrastructure projects.
Provides ready-mixed concrete for building applications.
Offers lime for soil stabilization and industrial uses.
Supplies iron ore for mining and manufacturing sectors.
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Finance and Accounting
8 people
Software Development Team
7 people
Head Team
7 people
Sales and Marketing
6 people
Leadership Team
6 people
Product Management Team
5 people
Operations Team
5 people
Human Resources and Administration
4 people
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Funding Insights of Afrimat
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2016 | Amount | Post-IPO - Afrimat | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Afrimat
Afrimat has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include ARC Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on acquisitions
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Afrimat
Afrimat has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Glenover, Holcim and Malans Quarries. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Granular fertilisers are manufactured for agricultural applications in South Africa.
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2014 | ||||
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Quarrying activities are managed in South Africa.
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1999 | ||||
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Cement, concrete, and aggregate products are manufactured by Lafarge.
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1947 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Afrimat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afrimat Comparisons
Competitors of Afrimat
Afrimat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DuPont, Italtile, PPC, Ash Resources and Batıçim, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Developer of chemical products, construction & packaging materials, and water solutions
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Homeware products are retailed online through Italtile's chain.
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| domain | founded_year | HQ Location |
Aggregates and cement products are produced and supplied by PPC.
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| domain | founded_year | HQ Location |
Fly ash products are manufactured and supplied by Ash Resources.
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| domain | founded_year | HQ Location |
Cement, clinker, and aggregate are produced and supplied by Batıçim.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Afrimat
Frequently Asked Questions about Afrimat
When was Afrimat founded?
Afrimat was founded in 1963 and raised its 1st funding round 53 years after it was founded.
Where is Afrimat located?
Afrimat is headquartered in Bellville, South Africa. It is registered at Bellville, Western Cape, South Africa.
Who is the current CEO of Afrimat?
Andries J van Heerden is the current CEO of Afrimat.
What does Afrimat do?
Afrimat was founded in 1963 and is headquartered in Bellville, South Africa. Operations are focused on the extraction and processing of industrial minerals, alongside the supply of construction materials such as aggregates and lime. Services extend to mining, bulk transport, and ready-mix concrete production. The company serves sectors including construction, agriculture, and manufacturing primarily within South Africa, with leadership provided by CEO Andries J van Heerden.
What products or services does Afrimat offer?
Afrimat offers Aggregates, Readymix Concrete, Lime Products, and Iron Ore.
How many acquisitions has Afrimat made?
Afrimat has made 3 acquisitions, including Glenover, Holcim, and Malans Quarries.
Who are Afrimat's investors?
Afrimat has 1 investor. Key investors include ARC Investments.