Big River Group announces the acquisition of Plytech and Decortech, both located in Auckland, New Zealand. These acquisitions are part of Big River’s global expansion strategy to better serve their customers across the Tasman and grow their business in the Plywood and Speciality segments in New Zealand.
“Plytech and Decortech will become an important part of the Big River network providing a strategic positioning in the New Zealand market,” says Jim Bindon, CEO of Big River Group.
“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.”
While Plytech, located in Highbrook, Auckland is an established supplier of architecturally specified panel products, the Penrose-based Decortech is a niche manufacturer of veneered panels and supplier of a well-regarded, architecturally specified cladding product, Trespa.
These acquisitions continue the expansion of the Big River network across Australasia with the two Auckland businesses added to their current 15 sites in Australia. While Plytech and Decortech will have a platform to diversify by leveraging Big River’s position in the Plywood and Speciality segments in Australia, Big River will be able to roll out their manufactured products in 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.
Operating for over 100 years, Big River Group manufactures and distributes timber and steel formwork products, timber flooring, building products, structural plywood and related timber products. It also distributes a broad range of other building products, including MaxiWall and MaxiFloor, primarily to the commercial, residential and infrastructure construction market segments.