Group Five buys Sky Sands

Listed construction business Group Five (GRF) has bought Sky Sands for 124 million rand as part of its expansion and growth strategy in the infrastructure sector, it said.

Sky Sands is involved in the supply of plaster and washed sands products to the building material merchants, the building industry and the precast concrete products industry.

Group Five said the purchase amount would be settled through its own resources.

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