Valves and related solutions manufacturer AVK Holding Southern Africa has bolstered its manufacturing footprint and product offering after acquiring a 100% interest in Gunric Valves, including all brand assets and intellectual property (IP) for an undisclosed amount. The deal would provide AVK access to Gunric’s specialisation in the manufacture and export of large diameter and
AVK Holding Southern Africa are delighted to confirm that on the 27th December 2016, they successfully acquired the assets, IP and brand name of Gunric Valves. Gunric will continue to operate at the existing facility at Robertville, Florida, Johannesburg. “This acquisition represents a substantial, confidence-boosting, inward investment by one of the world’s leading valve manufacturers.
Investing R200 million in a new plant, and complying with the DTi’s local content rules, are testament that AVK Holdings Southern Africa believes in the country. The company combines this with the true passion of the employees to offer unique product solutions. THE DEPARTMENT of Trade and Industry’s (DTi) designation rules stipulate that state-owned entities
WEDNESDAY 7 SEPTEMBER, AVK OFFICIALLY LAUNCHED A R200-MILLION VALVE MANUFACTURING FACILITY AT ALRODE IN GAUTENG, SOUTH AFRICA. AVK strives for Global leadership with local commitment. AVK’s local commitment with the new plant at Alrode boosts local business and the economy as a whole. As Malebo Mabitje Thompson (Deputy Director General of Department of Trade and