Ensuring reputational excellence, Reclam and the ReclamGroup have been recognised as follows:
In 2005, Mr. David Kassel, Group Founder and Chairman was awarded the ABSA Jewish Business
Achiever Award
Nominated as one of South Africa‘s Top 500 companies, and number one in its sector
Awarded Standard Bank Trophy for financial performance and contribution to the environment
The Reclamation Group (Pty) Ltd (“Reclam”) traces its origins to a metal recycling business co-founded by David Kassel in 1970.
In late 1998, Reclam was established to form a market leader that would have the size and scope to create economies of scale and operating efficiencies in the South African recycled metal processing industry. Between 1998 and 2000, Reclam acquired a number of businesses involved in the production of recycled ferrous and non-ferrous metal products.
By 2000, Reclam achieved a leading position in the recycled ferrous and non-ferrous metals markets, expanding its operations by diversifying into other products that could benefit from similar economies of scale and operating efficiencies
In 2003, Reclam concluded its first Black Economic Empowerment (“BEE”) transaction pursuant to which 25% plus one share of the equity was sold to Phamangu Investment Holdings in a transaction partly funded by the Industrial Development Corporation (IDC) of South Africa.
During 2005, the Company expanded its business into semi-finished products and primary raw material equivalents as part of the strategy to add value to its wide range of recycled products it produces.
