The business is comprised of 2 companies, and is vertically integrated. Each company play its essential role in the group’s industrial solution offerings, which includes supply of industrial oils, their customised packaging, distribution and warehousing.
Industrial Trading Portal (Pty) Ltd (ITP) is the core company in the group and was established in May 2016 as an importer and a trader of base oils in SA. The company specialises in international commodity trade, international transportation and clearing. ITP plays a key role in the business in negotiating trading deals with its strategic suppliers as well as acts as an independent quality controller of imported products.
ITP has a local distributor of the imported base oils. Additionally our partner offers logistic services to the group’s customers, including split deliveries of bulk base oils, warehousing , storage solutions with level 1 BBBEE QSE with 100% black ownership.
In September 2016, the business identified growing demand for finished lubricants and started developing Greyhound brand to cover a growing demand for European quality lubricants at affordable prices in South Africa. As a supply of the bulk product was secured in Europe at the end of 2016, the group has appointed Matshelo Logistics (Pty) Ltd (established in January 2017) to become its filling and outbound logistics partner with sole rights of distribution of Greyhound lubricants in South Africa.
The inbound logistics will be covered by ITP, making use of its international logistics know-how to cost-effectively deliver bulk products to the group’s filling plant in Johannesburg. Matshelo Logistics is level 1 BBBEE QSE with 100% black ownership.
Distribution to neighbouring African countries will be handled by ITP, until the local partners are identified in each country or regionally.