New Zealand Flooring Firm Makes Acquisitions

Auckland, New Zealand, Aug. 1, 2012 -- A New Zealand firm has become Australasia's largest commercial flooring company after making two acquisitions, according to the New Zealand Herald.

Flooring Brands said it had bought New South Wales' JBR Flooring and Fitout, and Canberra-based Q Commercial.

The move builds on its purchase of Queensland's Master Kelwin group in 2010, a company that sells to the state government, major hotels and private hospitals.

Flooring Brands' two new companies will be rebranded as Master Kelwin and form a group that will be a transtasman, multi-state commercial flooring business in Australia and New Zealand.

Flooring Brands' founder, chief executive and chairman, Rodney Martin, said the acquisitions make Master Kelwin three times larger than its nearest competitor in Australia.

The report said that Martin is considering more acquisitions over the next year and wants to make his business at least 50% bigger than it is now.