African Oxygen Limited - Afrox Signs R25m Equipment ContractRelease Date: 04/06/2014 08:00:00 Code(s): AFX
African Oxygen Limited
(Incorporated in the Republic of South Africa)
(Registration number 1927/000089/06)
JSE code: AFX
NSX code: AOX
("Afrox" or the ?Company?)
Afrox signs R25m equipment contract
Shareholders of Afrox are advised that the Company has signed an equipment supply
contract with leading wholesaler Matus, a Brandcorp Company, worth about R25 million a
year. The agreement covers Transarc? 6013 and Vitemax electrodes, as well as certain
items of gas equipment, including the popular PortaPak? welding and cutting sets.
Matus is a leading South African wholesaler, distributing a range of industrial and DIY
products including compressors and welding and safety equipment through four distribution
centres in Johannesburg, Cape Town, Durban and Port Elizabeth. The company sells these
goods to more than 7 000 active customers who range from hardware stores, industrial
supply companies, hire shops, spares shops, co-operatives, nurseries and buying groups.
?Afrox is delighted to have re-established our relationship with Matus,? said Brett Kimber,
Afrox?s Managing Director. ?Dealing with a wholesaler as big as Matus achieves a reduction in
our costs and builds a brand on the newly launched Transarc 6013 electrode. In this way,
Afrox also reaches a far broader customer base than individual sales teams would be able to
4 June 2014
Date: 04/06/2014 08:00:00 Supplied by www.sharenet.co.za
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