The Spicers Group has entered into an agreement with Winson Group to acquire Signet Packaging, one of Australia’s leading distributors of packaging, protective papers, marking and other business supplies serving a diverse range of industry sectors across Australia.
With an impressive revenue of AUD$150M, Signet offers a range of more than 5,500 packaging products and has positioned itself as a one-stop shop for shipping consumables and e-commerce solutions, including protective packaging, cartons and stretch films. The packaging company has a national footprint, with production and warehouse facilities in Sydney, Brisbane, Melbourne and Perth manned by a dynamic team of 200 staff.
David Martin, CEO, Spicers Group Asia Pacific, said: “We’re excited to expand our business portfolio across Australia. Signet will contribute significantly to the regional scale of the Group.
“We have always respected Signet’s market approach and foresee collective potential in manufacturing and expanded e-commerce capabilities for the Group. Our singular focus is on growing our business by enhancing our customers’ engagement experience and expanding the range of services we offer them.
“Leveraging the numerous logistics, sales and sourcing opportunities, we will optimise our offerings, services and market reach to cater to a growing customer base. The focus will be on the numerous growth opportunities identified, while expanding the Group’s overall reach. Our commitment is to deliver a positive experience across our customer base with our collective offerings, presenting the industry’s most diverse portfolio,” he added.
“Becoming part of the Spicers Group is an exciting new chapter in the Signet story, further enhancing our position as the number one destination for packaging in Australia. As part of Spicers, we look forward to having greater scale to service customers at the high level we are known for,” said Jack Winson, Managing Director, Signet.
Signet will function as an independent entity within the Spicers Group, playing a pivotal role in the Group’s ongoing growth strategy. Completion is planned for April 2, 2024.
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David Martin, CEO, Spicers Group Asia Pacific, says Signet will contribute significantly to the regional scale of the Group
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