Bradflo has acquired northern Queensland’s HVAC and building and industrial supplies company, A&B Mintec , an investment expected to bolster Bradflo’s bottom line as it takes advantage of Queensland’s buoyant economy.
The move affords Bradflo a business base in both Cairns and Townsville, providing a solid platform from which it can better service the booming air conditioning, building, mining and industrial markets in northern Queensland.
Bradflo is an Australian manufacturer and distributor of air distribution, air handling and ventilation products and components and accessories.
Bradflo employs more than 150 staff at its five branches along Australia’s east coast. The Bradflo headquarters and its 7,000 square metre manufacturing facility are ideally placed on a 2.158 hectare site in the regional centre of Albury-Wodonga, along the Melbourne to Sydney freight corridor.
Bradflo initially appointed A&B Mintec as its north Queensland distributor earlier, but strong market demand for both Bradflo’s products together with A&B Mintec’s building supplies persuaded Bradflo’s management to purchase the north Queensland company outright.
From July the new Cairns and Townsville branches will continue trading as A&B Mintec, however as a division of Bradflo.
The name A&B Mintec is derived from the main market segments the company supplies, with A representing the air conditioning market and B refers to its building products market, while Mintec alludes to the company’s mining and industrial markets.
In addition to the air conditioning products that are already familiar with in the Bradflo branches, A&B Mintec supplies roof and building insulation, suspended ceiling systems and ceiling tiles and accessories into the building industry.
Bradflo’s general manager, Raymond Judd said that this new venture into Queensland’s major growth region had been planned for some time and provides Bradflo with a springboard from which to launch further into the north Queensland markets and to take advantage of that state’s buoyant economy.
“By acquiring the A&B Mintec business, Bradflo has the opportunity to leverage off the existing supplier and customer relationships already established” Raymond Judd said.
“Our strategic direction is to capitalise on this growth with the existing products Bradflo can add, with the supplier base and supply chain support we can provide and with the technical and management support we can give”.