Much Binder (Pty) Limited was formed by Murray Stewart and Clifford Harris and established its first asphalt premix supply plant at Tableview Quarry. After successfully bidding for contracts such as a major Cape Town City Council tender, it expanded its operations with the establishment of a plant at Peak Quarry in Eerste River.
In 1973 Much secured a long-term supply agreement with the Port Elizabeth City Council. Lucrative and prestigious contracts were secured over the next 10 years and in 1983 the company developed the first wet blend method bitumen rubber asphalt for trials on the N2 freeway.
This culminated in the landmark decision to overlay an existing concrete section of the N2 with bitumen rubber asphalt in 1985.
The company disposed of its transport division to Unitrans to focus on its asphalt operations. In 1994 it established a plant in Zambia and successfully completed the Lusaka Southern Freeway.
A merger between Asphalt Services and Much Asphalt’s East London branch in January 2008 resulted in the formation of East Coast Asphalt with plants in East London and Mthatha. The union was a win-win for both, with East Coast Asphalt better placed in terms of facilities and skills to meet the needs of its markets.
Much Asphalt celebrated its 50th anniversary in 2015 and in the same year expanded its reach with the acquisition of Spray Pave (Pty) Ltd from Basil Read. Spray Pave is one of South Africa’s leading manufacturers and suppliers of bitumen, modified binders and emulsions for road construction in South Africa and joined Much Asphalt with 34 years of experience.
In early 2018 AECI acquired Much Asphalt from Capitalworks. AECI is a South African-based company providing products and services to the mining, water treatment, plant and animal health, food and beverage, infrastructure and general industrial sectors. It has businesses in Africa, Europe, South East Asia, North America and Australia.
The consortium includes Mineworkers Investment Company (MIC) and senior executives of Much Asphalt. More than 25% of the investment is black-owned, making this a significant empowerment transaction.