Highly Profitable Foundry In South Africa for sale

This highly successful foundry for sale has been operating for more than fifty years.

Overview of this business for sale

This foundry for sale produces various metallurgical castings (below ten tons) mainly using river sand and resin moulds derived from the main moulds that belong to the Foundry or the client. Being for decades in business this company has built a large client base from all industries. The main contributors to turnover are Blue Chip Companies.

The process of work:

1. Customers’ orders are usually placed one or two months in advance.
2. The moulds are made or drawn from stock and prepared in advance of casting.
3. When casting works begin, the management team set out the requirements and procedure for staff.

The total number of employees is one hundred fourteen. This offer includes a foundry with all the necessary state-of-the-art equipment in excellent condition. The buildings which are suited to the foundry have additional land for expansion and are owned by a sister company that wishes to sell the real estate.

Reasons for selling:

Now the main shareholder is looking forward to retirement and the other shareholders are willing to sell to realize their investment and allow a new owner to take the Company forward. The training course will be provided if needed but this business itself does not require an active presence of the owner as management and staff are able to operate successfully on their own.

To get more information about this business for sale, please contact us.