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31 Jan 2022

The latest news from Action Manufacturing and Fairfax. January 2022 đź“°

ACTION MANUFACTURING’S NEW BUSINESS PURCHASE

Action Manufacturing has entered into a conditional agreement to purchase the business and assets of MaxiTRANS in New Zealand (MaxiTRANS) from Australia Trailer Solutions Group New Zealand Limited.

MaxiTRANS is a well-established business operating in the heavy transport manufacturing industry under the brands of Maxi-CUBE and Freighter, and employs approximately 50 people. With its current forward book, as a standalone business MaxiTRANS is expected to generate revenue in excess of $18M in the 12 month period ending 30 June 2022.

"We are excited to continue to support Action Manufacturing to grow its non-RV manufacturing activity. MaxiTRANS has a strong forward order book and the acquisition and associated synergies will enable more efficient use of Action Manufacturing’s physical, financial and intellectual property assets. We expect MaxiTRANS to deliver above thl’s internal return on funds employed target." - thl Chief Exectutive Grant Webster.