Borbet acquires Remaining Share in South African Subsidiary

In December 2006 the South African engineering and construction group Murray & Roberts announced that it wished to dispose of its 50 per cent share in alloy wheel manufacturer Borbet South Africa, based in Port Elizabeth. Now the recently released business half-year financial report for Murray and Roberts, ending December 31, 2006 indicates that the German Borbet Group has since this time itself acquired Murray & Roberts’ share.

The 50 per cent parcel was the remaining portion of the former alloy wheel company Alloy Wheels International. The Borbet Group purchased a 50 per cent share in the South African company on July 1, 2003 and took over management of the company.