Big River has started on its global expansion strategy to better serve its customers across the Tasman and grow its business in the plywood and specialty segments in New Zealand with the acquisition of Plytech, Auckland and Decortech in Penrose, Auckland. Source: Timberbiz
“Plytech and Decortech will become an important part of the Big River network providing a strategic positioning in the New Zealand market,” Big River Group CEO Jim Bindon said.
“The businesses are well positioned to continue to grow in their respective current markets with the ability to add Big River manufactured products to their range.”
The acquisition continues the expansion of the Big River network providing them with an Australasian presence having added the two Auckland businesses to their current 15 sites nationally across Australia.
These additional locations will enable them to roll Big River products into the existing New Zealand structure and introduce the Plytech products into the Big River network in Australia.
Plytech was established more than 30 years ago and has built a reputation as a professional and technically proficient supplier of architecturally specified panel products to the trade. Decortech is a niche manufacturer of veneered panels and supplier of a well-regarded, architecturally specified cladding product, Trespa.
The acquisition will provide both Plytech and Decortech with a platform to diversify, by leveraging Big River’s position in the Plywood and Specialty segments in Australia, while building a platform for Big River to supply their manufactured products into the New Zealand market.
The current owners of Plytech and Decortech will exit the business over a period of three months, however all staff will be retained and the management team of Henk Kamsteeg, David Kirby and Justine Atonio will remain with the business to ensure a seamless transition to Big River Group ownership.