We are pleased to announce that in June 2024, AIH Fund I, under the management of AIH Capital, closed its second deal with High Duty Castings (HDC), acquiring a 49% shareholding in the manufacturing company. HDC is a leading cast iron foundry with blue-chip and multi-national clients and has been successfully operating for over 3 decades. HDC is a major producer of grey iron castings for the following industry specific products: pump & valve, gearbox, engineering compressor & hydraulics, automotive, agricultural, bearing & railway. The automotive division is IATF 16949:2016 certified.

This investment positions HDC for continued success through its innovative metal casting techniques that uniquely offer high-quality products at competitive prices.  In the manufacturing industry, HDC is more employment intensive as part of the supply chain, which is predominantly local and includes metal scrap dealers, silica sand miners and other industrial companies.

“We are super excited about AIH Capital joining our family, and quite flattered too. We had such a good gut feeling about Jesmane and Sindi right from our first meeting and, having gotten to know them better over the past few months, we are sure that their professional experience and fresh perspectives are going to add tremendous value to HDC. I also love that this new partnership will water down some of the testosterone in the South African foundry industry”, said Bradley Venter; Managing Director and shareholder at HDC. AIH Capital brings to this partnership its broad-based BEE shareholding and gender lens, together with expertise in governance and a deeply entrenched network that will enhance the business development of HDC.

“HDC is a second generation family business that is well positioned for growth with localisation of the supply chain and mechanisation. We see excellent opportunity in partnering with HDC in this next phase of growth”, said Jesmane Boggenpoel, co-founder and Managing Partner of AIH Capital.