JAS Sale to Hellaby Holdings
The following is an announcement made by Hellaby Holdings to the New Zealand Stock Exchange (NZX) regarding their acquisition of JAS Oceania.
For more information on Hellaby Holdings please visit:
www.hellabyholdings.co.nz
"Hellaby commenced discussions with us in late 2014 as they sought to increase their Australian automotive footprint which already includes Federal Batteries and Diesel Distributors Australia (DDAL).
JAS owns two subsidiaries; Low Voltage Pty Ltd (“Low Voltage”, “LV”), which was newly established in 2012, and Australian Automotive Electrical Wholesale Pty Ltd (“AAEW”), which was acquired in 2008.
Since 2005 the JAS business has had an excellent and successful track record and now has over 100 employees and operates 19 (17 JAS, 1 AAEW, 1 LV) branches nationwide, possessing a presence in all Australian states. With a product range exceeding 20,000 individual product codes, JAS services a wide ranging and well-balanced customer base that includes other automotive distributors/resellers, specialist automotive workshops, auto electricians, mining companies, contractors, government departments and local councils.
The acquisition of JAS significantly expands Hellaby Automotive’s presence in Australia. As well as being scalable in its own right it is complimentary to the existing Australian-based businesses (Diesel Distributors and Federal Batteries).
We believe this represents an exciting step for JAS and its customer partners. Our future success and growth will be of clear benefit to all of our customers."
Colin Daly (CEO of Hellaby Automotive) and I intend to visit as many customers as possible in the coming months. In the meantime we thank you for the support you have shown to JAS and for your continued support of our exciting future.
Regards
Graham Bonney
General Manager
Jas Oceania Pty Ltd
