Du Plooy family acquires Natal Associated Agencies
After Bill and Sheila Pigg retired on September 1 1973, the Du Plooy family, together with sleeping partners, Jeff Stewart and Nigel Escombe, bought NAA for R25 000. Escombe soon returned home to the UK, while Stewart died of cancer a few years later. Following Stewart’s death, NAA became a wholly family-owned company run by the Du Plooys.
On the advice of the firm’s accountants, Peter du Plooy appointed his wife, Virginia, as a shareholder and later, his sister, Estelle Naude, who had worked for NAA for years.
Initially, they found themselves serving a mainly decorative paint market, but as the business grew, Du Plooy realised that to drive meaningful growth, NAA would need to look for industrial paint business.