Having successfully grown from 60 employees to nearly 200 employees, High Duty Castings is poised on the threshold of a new era with a one third acquisition by South African Enterprise Development (SAED). SAED is a specialised investment company focused on providing growth capital to smaller companies with great opportunities.
The SAED acquisition has also brought with it the first black ownership of the company’s shareholding. The company will retain its majority private ownership and family ethos through the equity of the founders of the company, the Pienaar and Venter families.
This investment by SAED is set to unlock even further potential in HDC. In this way, the company will be catapulted into a new league both locally and internationally. High Duty Castings seeks to be a leading foundry within the industry as well as a committed empowering employer.