
Unlisted company The Jeminex Group has announced the acquisition of four industrial supply businesses, including three based in Perth, and the appointment of former Wesfarmers exective Mark Allison as its new chief executive.
The acquisitions, with a total enterprise value of $40 million, include industrial packaging company Network Packaging, electricity product supplier Bri-Tech, industrial workwear wholesaler Noble Agencies and drilling service provider Impact Drilling.
Established in 1995 in Perth by John Smith, Noble Agencies is an importer and wholesaler of industrial clothing brand "Worksense" throughout Australia and New Zealand. The company's products include work wear, safety vests, jackets and overalls for industry, corporate clothing, waterproof industrial clothing as well as sunscreen products, reflective and school wear.
Based in Malaga, Bri-Tech is a specialist distributor of a diverse range of electric power distribution and transmission products. Established in 1984 by Brian Peat, the company's customer base includes power utilities, mining, heaving industry and electrical contractors throughout Australia and New Zealand.
Network was established in Perth in 1989. It provides a wide range of packaging supplies to major state, national and international companies from the industrial sectors through to primary industries.
Network will trade as a division of Heatley, another Perth business already owned by Jeminex.
Source |