Plumbing Africa Plumblink's first hundred stores | Page 3

CORPORATE PROFILE Plumblink’s first hundred stores By Eamonn Ryan With over 100 years and over 100 stores, and today opening them at the rate of 10 to 12 a year, Plumblink is on an accelerated growth path. It was also an event which could have been catastrophic, but which McFarlane describes as “the best thing that ever happened to the company” as it facilitated a complete change in culture and subsequent modernisation of the organisation – which was necessary. This year, the group reports results which show it has doubled its turnover in the space of just five years – five exceptionally difficult years for the South African economy that have seen any number of construction and engineering companies failing or going into business rescue. The group had 19 stores at the onset of McFarlane’s term; today the figure is over 100. endured through two world wars, apartheid, the cold war and South Africa’s first one-man, one-vote election, to ultimately emerge as a leading engineering supplies specialist. That tortured history wasn’t foreseen in the early, simpler days of the country when deliveries were made by bicycle among horse- drawn traffic on sweltering, dusty roads in the bustling mining camp city of Johannesburg. That dedication to personal service remains the cornerstone of the company’s success through to the modern day. 108 years and still growing H Incledon’s story begins in England that year of 1906 when Herbert Incledon identified the potential to supply pipes, fittings and valves to the growing mining industry of the Witwatersrand. He convinced his three older brothers to invest in the venture, and shipped as many consignments as possible of pipe and fittings to Johannesburg. Herbert started trading as H Incledon & Co, and within the first year showed a small profit with support from the mining industry for its quality of workmanship. To meet this demand for steel pipes, the company acquired Lamberts of Walsall, UK, which became its export arm for steel pipes and fittings to South Africa. The origins of Plumblink can be traced back to 1906 when the family business H Incledon & Co was founded. It has Another early root for Plumblink was a company known as Waud and Blackman www.plumblink.co.za Plumblink - Proudly Bidvest Your local plumbing store W ith its colourful history, the Plumblink of today bears little resemblance to its genesis of 108 years ago – but then again, nor does South Africa. The current CEO, Peter ‘Seaweed’ McFarlane, joined at one of those critical moment in its history which was to change the nature of the company forever – its acquisition by private equity firm Ethos in 2006. It was an event which prompted the walkout some months later of almost the entire executive and senior management layer. The current CEO, ‘Seaweed’ McFarlane. 1