Pump and Abrasion Technologies has announced a Black Economic Empowerment investment deal that introduces 30% direct BEE ownership. Pump and Abrasion Technologies, renowned slurry pump manufacturer, made an empowering move in the company’s long-term growth strategy by securing a BEE investment deal with Innovative Strategic Investments in June this year. Since its founding in 2004, Pump and Abrasion has grown organically into a profitable business with customers in South Africa’s mining sector and across its borders. This deal is in line with Pump and Abrasion’s ethos of a socially responsible company that believes in transformation and the influencing of progress in South Africa.

This investment means that the company will be able to further fulfil its goal of expansion into Africa while continuing to offer their clients the superior service and performance that has become associated with Pump and Abrasion and its Battlemax, Battlestream and Battlesub range of pumps. ISI’s investment allows for Pump and Abrasion to further invest in company resources, infrastructure, technology and people. Pump and Abrasion Sales and Marketing Director, James Pienaar says: “Our client care focus of ‘Delivering Where it Counts’ reduces downtime and provides seamless on-site assistance to our clients.  They also benefit from the cost-effectiveness and excellent wear life associated with the Battlemax brand.  Now, this deal brings further benefit to our clients to meet their own BEE and Mining Charter transformation objectives.”

“Pump and Abrasion is currently experiencing continued growth.  We selected ISI as a strategic partner because their ethics, business culture and objectives align with our own.  ISI’s strong track record in the mining industry underpinned our decision,” says Pienaar. National financial institution, Grindrod Bank facilitated the deal.  Grindrod Bank Executive Director Andrew Blades says that the deal, months in the making, has been structured to meet several criteria: "First of all, it was decided at the outset that the deal had to be fully funded. Secondly, it was crucial that there would be mutual benefits to the partners.  Finally, ISI had to become actively involved in Pump and Abrasion."

“This investment was a smart move for Pump and Abrasion as they are now able to expand their footprint. The value-add of their new partner strengthens Pump and Abrasion’s growth potential and signifies their commitment to the South African mining industry,” says Blades.

Co-founder and Director of ISI, Muvhango Netshitangani, says ISI is in complete agreement that these criteria were met. “The culture within our two companies is a perfect fit and met our expectations on all counts. With this partnership we see great potential for expansion and continued success within the mining industry.”

According to Pienaar this partnership would also support the enhancement of Pump and Abrasion employees in terms of skills development and education. This will further enhance their positive working environment.

About Pump and Abrasion
Pump and Abrasion has developed a range of quality products (Battlemax® and Battlestream®) for the mining and industrial pump markets, offering real quality pump spares at competitive prices and at a high level of service excellence. This service includes the supply of complete pump sets comprising pump, electric motor, accessories and technical support. www.pumpandabrasion.co.za