Nature of Business

Since its inception in late 2014, Ebor has become one of the leading Tier 1 suppliers of complex injection mouldings and assemblies to the automotive sector.

Brief Description of the transaction

August 2014 - High Street Capital lead a consortium comprising themselves, Don Searle and Possey Mina and management in the acquisition of the complete plant and assets of Visteon SA. Visteon SA had been a market leader in the SA specialised injection moulding sector since 2001. After acquiring the plant and assets, and establishing a new company, Ebor Automotive Systems, the key staff from Visteon SA were rehired and a lease secured over the same manufacturing premises in Port Elizabeth.

PROGRESS SINCE HIGHSTREET CAPITAL INVOLVEMENT

January - May 2015 -  EBOR secures significant production contracts for Volkswagen South Africa, Faurecia & various other OEMs and Tier 1 suppliers

December 2015 –  EBOR secures a basket of parts for the new Polo 270 from Volkswagen South Africa.  The value of the seven year contract is just under R1billion.

March 2016 – EBOR completes a 600 square meter extension to its plant in Perseverance to house the new 1700t, 1100t and 3 other presses.  Phase 1 production commenced in April 2016 and the second phase began in the middle of 2017.  By the end of 2017, EBOR employs 120 staff.

2019 - 2020 – EBOR secures >R1bil from Mercedes Benz South Africa and its Tier 1 suppliers. With the support of funding from the Industrial Development Corporation, a new 7500 m2 facility will be completed in East London by mid 2020 to supply the MBSA C-Class requirements.

www.ebor.co.za