The Carbonates operation was bought by Anglo Alpha. Anglo Alpha, a cement producer (owned by Holderbank AG), also operated a Lime operation.
Mining of Limestone began in Danielskuil.
Lime Distributors, our Lime plant based in Vereeniging started operating.
As Anglo Alpha wanted to focus on cement a MBO was concluded of the Industrial / Lime divisions resulting in the formation of Idwala Industrial Holdings Limited.
In April 2004 Idwala was purchased by a consortium led by the Tiso Group which obtained controlling interest in the Company. The consortium included Tiso Private Equity Fund 1 and a Rand Merchant Bank Private Equity company.
In December 2008 a refinancing of Idwala resulted in a shareholding change in which Tiso maintained a majority stake and Rand Merchant Bank Private Equity Company exited to make way for Ethos and Old Mutual.
Synthesis Chemical Holdings (Pty) Ltd (an IEP Group company) acquired the majority shareholding in Idwala.
In July 2018 our parent company IEP created The Bud Group into which IEP’s major platforms were transferred.