Spandex New Zealand announced at the end of April that it has been acquired by fellow sign industry provider, Total Supply Ltd.
“After great deliberation, we decided to exit the New Zealand market and sell the business to Total Supply NZ”, said Alex McClelland, Managing Director Spandex Asia Pacific. “We have had a long and fruitful business relationship with Dean Stuart and his team at Total and look forward to developing this relationship further with the introduction of other Spandex and Gerber Scientific products.”
He continues, “I am very confident that the business will be in great hands, and will grow and prosper under Dean’s leadership. I am also sure that our existing customers will welcome Total Supply as their new partner to assist them in growing their business and developing the New Zealand marketplace.”
Spandex New Zealand has been operating in the region for the last 12 years since Spandex PLC (UK) purchased Technograph and Graphical and combined the two companies. As the New Zealand market has developed, Spandex has moved to provide a first rate service to customers.
The Spandex NZ team, headed by Sandra Bisman, will transfer to the new entity effective 1st May. The combination of the Total and Spandex teams is expected to make a formidable force within the sign materials supply industry.
Dean Stuart, Managing Director said, “Our association with Gerber and Spandex Asia Pacific goes back a long way and this acquisition seems part of a natural progression. Spandex NZ has overcome an enormous amount of difficulties to become a major supplier in the New Zealand marketplace and I feel that the combination of both companies and our individual product portfolios will enrich our overall offering to customers.”
In addition, Mark Canavan, Regional Business Director for Avery Dennison Graphics, said that he welcomes Total Supply to the distribution network and looks forward to building on the successes of Spandex in raising the profile of the Avery brand in the NZ region. Mark also commented that the strategic fit with the prestigious Avery brand, together with the current market share and reputation enjoyed by Total in the marketplace, will ensure his company’s success moving forward.
Total Supply New Zealand
www.totalsupply.co.nz
