Olympia Capital Holdings Limited. formerly Dunlop Kenya Limited was initially established as a branch of Dunlop United Kingdom; in Kenya in 1968 then a British multinational to carry out the business of manufacture of vinyl floor tiles, adhesives and sports equipment. In 1970, the company was formally registered in Kenya and got listed at the Nairobi Stock Exchange in 1976. In 1999, Dunlop Industries Limited was registered as a fully owned subsidiary of DKL to continue with the business of the parent company and allow DKL to concentrate on investments. Olympia Capital Holdings Limited, purchased Olympia Capital Corporation in Botswana in 2001, through the newly acquired entity, the group was able to acquire 100% shareholding of Kalahari Floor Tiles in the city ofGaborone, Botswana. KFT is the largest Tile manufacturer in Southern Africa. In 2005 OCCL Botswana was successfully listed on the Botswana Stock exchange, as a subsidiary of OCHL Kenya. In 2006 Olympia Capital Holdings Ltd acquires majority control of Avon Rubber Company, which dealt in the manufacturing and distribution of tyre products and successfully acquired majority control of Mather + Platt Kenya Ltd in 2008, which is now the leading fire and mechanical engineering contracting company in East Africa. In 2014, Olympia Capital Botswana successfully acquired 100% of real estate company called Gaborone Enterprises in Botswana, which have an array of commercial and residential properties in Botswana and South Africa.
Overview
OCHL oversees operations of its subsidiaries including Avon Rubber Company, Mather and Platt Limited and Olympia Capital Corporation Limited.
In Kenya, its subsidiaries are Mather+Platt Ltd, the leading fire systems and water pumps provider in East Africa and Avon Centre, which is the real estate division of OCHL. Olympia Capital also has a major stake in Heri Limited, which has an array of real estate properties in Kenya. Owing to growing losses, the group divested from its fully owned floor tile and adhesives manufacturing company, Dunlop Industries Limited. The company, through Olympia Capital Corporation, a publicly listed company in the Botswana Stock Exchange, has interests in Kalahari Floor Tiles Limited and Gaborone Enterprises Limited, both in Botswana. Kalahari Floor Tiles is the leading tile manufacturer in Southern Africa and it is also involved in the manufacturing of industrial and commercial cleaning chemicals. Gaborone Enterprise is the real estate section of OCCL, with residential and commercial property. Prior to their closure, OCCL also owned two South African entities: Plush Products in Johannesburg and Natural Wooden Products in Cape Town. In line with its listing in the investment segment of the exchange, the group looks to diversify its services and product offerings and to serve a broader geographical area. OCHL is keen to capitalize on the available investment opportunities beyond the building material and property sectors.
Member companies
Olympia has significant ownership stakes in various firms including:
Dunlop Kenya Limited – Nairobi, Kenya 100% shareholding - The largest manufacturer of vinyl floor tiles and vinyl sheeting in East and Central Africa; its website states that it is the foremost vinyl floor tile manufacturer in Sub-Saharan Africa.
Mather + Platt Kenya Limited – Nairobi, Kenya, 56.70% shareholding - Incorporated in 1972, the company is a leading fire and mechanical engineering contracting company as well as distributors of high quality pumps in East Africa.
Avon Rubber Company Limited – Nairobi, Kenya, 47.50% shareholding - Manufacture and sale of industrial rubber.
Olympia Capital Corporation – Gaborone, Botswana, 50.50% shareholding - Holding company for the Southern Africa Operations. Listed on the Botswana Stock Exchange.
Kalahari Floor Tiles Pty – Gaborone, Botswana 100% Shareholding through Olympia Capital Corporation - The largest manufacturer of vinyl floor tiles and vinyl sheeting in Southern Africa. It is also involved in home improvement goods such as aluminum window frames, rubber and curtains.
Tiespro Trading Pty Ltd/a Natwood Africa – Cape Town, South AfricaHeld through Olympia Capital Corporation- Suppliers of home, bathroom and kitchen fittings and accessories.
Suspension on The Botswana Stock Exchange
In October 2013 the Botswana Stock Exchange-listed subsidiary of Olympia Capital Holdings was suspended from trading. The subsidiary, which owns the bulk of Olympia Capital Holdings' productive assets, was suspended because it has failed to supply the exchange and its shareholders with audited financial statements. Olympia Capital Corporation was previously suspended from trading on the Botswana Stock Exchange in August 2009 after it failed to report a loss of P17 million in its February 2009annual report.
Ownership
The Shares of Olympia Capital Holdings are listed on the Nairobi Stock Exchange. The shareholding of OCH is as follows:
