** NEWS & MEDIA **
October 2011- Media Release
TFM Holdings aquires Customizing Centre (Durban)
TFM Holdings (Pty) Ltd has acquired 100% of the issued share capital of Customizing Centre in KZN.
This move solidifiesTFMs intentions of being in a position to service our customers on a National basis, in an area where we have traditionally not been as strong as we would have liked to have been. Customizing Centre, established in 1985 by George Galbraith has developed into a strategic partner with some of the major OEM’s, as a supplier of vehicle customization, painting of vehicles, and more recently has commenced a contract to coat door panels for interior trim production. With a strong reputation for quality and on time delivery, Customizing Centre fits well within TFM’s strategic aim of being the best in class. The current management structures will remain in place in the interim to ensure continuity and a smooth transition into the group. The company will now be known as TFM Customizing Centre (Pty) Ltd.
7 October 2011 - Media Release
TFM Holdings Increases its BBBEE Ownership
Following on from the recent merger of the TFM Group, we are proud to announce that our BBBEE partners, namely DEC Trust (Disabled Empowerment concerns Trust) have increased their equity stake in the company.“It has always been our intention to ensure that the group, not only fulfils its social responsibilities, but fulfils its employment equity obligations through ownership” said Mike Tomsett, Group Chief Executive. DEC Trust will now have a shareholding in excess of 25% of the issued share capital, fulfilling the ownership portion of our BBBEE requirements. The proceeds of the transaction will be utilised to fund future aquisitions that the group is currently investigating. DEC Trust are great partners with the group, and we look forward to increasing this mutually beneficial relationship in the near future.
6 - 16 October - JHB INTERNATIONAL MOTOR SHOW
TFM exhibited at the single largest international automotive event in Southern Africa. If you missed us please check out our photo gallery.
SBV Handover of WP400 Cash in Transit Vehicles
TFM have just delivered WP400 Cash in Transit units to SBV. TFM developed the WP400 CIT variant to meet the needs for a modular, purpose built, ballistically protected vehicle for the local as well as international Cash-in-Transit market. Present at the handover were Ian Porter from Isuzu Trucks SA, Wouter Theron from SBV and Graham Preston from TFM.