Metmar specialises in the international trading of ferrous, non-ferrous, carbon, plastics, rubber and chemical products with strategic suppliers and customers. To support its global trade, Metmar is also investing in metals and mining projects to secure cost-effective long-term off-take agreements for its trading business, including key strategic investments in the Sefateng Chrome Mine and Kalagadi Manganese projects.
Mark Kristoff, Traxys Chief Executive Officer, said: "We are excited to welcome Metmar to the Traxys Group. Metmar has a leading position in the global metals and mining raw materials markets in South Africa. Metmar's activities complement our existing operations and expand our metals trading and investment platform in the region. By acquiring Metmar, we are realising our strategy to expand our products and markets to better serve our customers and suppliers."
Andre Faure, Managing Director of Traxys Africa, said: "Metmar's talented team, together with its successful trading platform and key strategic investments, present an attractive opportunity to grow our business in South Africa and internationally. With Traxys' access to international markets and expanded financing facilities, we look forward to working with the Metmar team to build a leading trading firm in the region."
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