HVG has acquired the business of Wilsonart Australia from AICA Kogyo Co Ltd. Wilsonart Australia manufactures low-pressure melamine (LPM) panels and cabinet doors and is located in Somerton, Victoria.
HVG CEO Bruce Rayment said, “We are excited by the growth potential of the business and the opportunities that this vertical integration opens up for us. Wilsonart/AICA have been a partner since 2012, and we look forward to working together, maximizing sales of their brands in the Australian and New Zealand markets into the future. All of the existing staff are being retained and there are opportunities for them to grow in the wider HVG business. For our existing customers, and those that have been dealing directly with Wilsonart Australia, we look forward to continuing to serve them with an expanding product range in the years ahead.”
The current Wilsonart Australia CEO Andrew Janka said, “We could not have found a better business to take over Wilsonart Australia than our long-term Australian partner HVG. They have demonstrated a long-term commitment to the brand in Australia, and they are the right people to drive the business forward into the future.”
The acquisition is expected to be completed before the Christmas break, after which existing direct customers of Wilsonart Australia will be serviced by an expanded HVG Building Pty Ltd sales and specification team.
“The acquisition of Wilsonart Australia is a clear and positive next step in the growth of the Wilsonart Brands and the wider HVG business. This move will ensure stability in supply, improved quality and lead times and a better focused range offer in the products that are manufactured in Australia. It will also ensure that the LPM manufactured by HVG Manufacturing in the future will be from a fully Australian owned company,” Mr Rayment said.
The HVG group of companies are privately owned Australian businesses that import and distribute building facade products, engineered stone, melamine panels, cabinet doors, graphics media, performance fabrics, and decorative building products. HVG distributes across multiple sectors, including residential, commercial and industrial construction, caravan manufacturing, agriculture, print, exhibition and display industries.
HVG Decorative Building Products
Source: Architecture - architectureau
