CREC

CREC HISTORY

•It was always Old Man Petersen’s dream that all three of his sons would own a family business one day but sadly, he passed on before his dream for his boys could ever be realised.
•Tony was already in KZN when Kim moved down to KZN from Carletonville in 1984 while Peter stayed behind, involved in other business.
•That same year, Contact Electrical was born (because the current name was unavailable) but two years later the name Kim really wanted was de-registered and Kim snatched the opportunity to rename his business to Cato Ridge Electrical in 1986.
•In 1990 Kim bought his partner out and Peter moved down from Carletonville to join Kim…at least two of the brothers were now united in business with the third bro still out in the cold.
•In 1998 after a couple of years of development, the BEE concept was embraced and as an added bonus, Tony joined the company. Dad’s vision had finally become a reality.
•In 2006 Dr Ghamiet Aysen bought into and joined the company to add diversity and growth.