BuildKwik stores converted into Alert Steel & Build Megastores

Steel and building-material giant Alert Steel Holdings Ltd has announced the opening of re-vamped stores that it obtained as part of its acquisition of BuildKwik Wholesalers earlier this year.

 

The newly branded Alert Steel & Build Megastore branches are in Silver Lakes, Mabopane, Hammanskraal and Pretoria West.

The launch of the upgraded and re-branded stores forms part of Alert Steel’s strategy to be a one-stop shop for both consumer and commercial buyers. BuildKwik’s range adds hardware and building materials to Alert Steel’s existing products.

The new stores have a comprehensive offering and stock both day-to-day consumables and large-scale items. The megastores specialize in timber, plumbing, steel, hardware, paint, security products, home décor and building materials.

 

Business acquisition

Alert Steel Holdings bought the building material retailer and wholesaler BuildKwik for R58.1 million in August this year from local entrepreneur Mr Javed Gani.

“The acquisition of BuildKwik will significantly increase Alert Steel’s turnover as well as provide a greater national footprint in the market,” said CEO Peter Dodson.

In addition to increasing the company’s footprint, the BuildKwik purchase will provide a management and supply chain benefit that will enhance the profitability of the group, particularly through an increase in turnover.

This acquisition and other business restructuring plans arose from a buy-out of Alert Steel’s debt earlier this year in an attempt to save the company which, at the time, was experiencing financial difficulty.

Dodson and his team are in the process of implementing a number of new strategies to turn the business around and initiatives such as these megastore developments offer exciting growth opportunities.

 

Company history

Alert Steel started over 30 years ago as a small business that sold steel products to the retail and construction industry. It has grown significantly since then and was listed on the JSE Limited AltX in 2007.

Across its retail and services range, Alert Steel offers solutions for both end users and contractors and provides in-house technical advice and training. It stocks the latest range of castings, fasteners, precision and engineering tools and has one of the largest ranges of welding products and plasma cutters in South Africa.

 

 

 

For more information

Contact

Kendel Falkson

Blank Page Communications

082 905 2656

kendel@innovise.co.za

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My Office News Ⓒ 2017 - Designed by A Collective


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