Germany-based Rema Tip Top, which provides services and products for conveying, treatment technology and tyre repair, acquired a majority interest in Australian conveyor business ConvaTech three years ago. It will now increase its shares in the company from 76% to 100%.
"The complete acquisition of Rema Tip Top Industry Australia and the opening of our Brisbane Centre of Excellence release our full potential and demonstrate our leading role in Australia," Rema Tip Top CEO Udo Zimmer said.
The centre was opened in Brisbane last month to extend the expertise of its surface protection operations in Perth, Western Australia, to the east coast. The surface protection portfolio comprises rubber lining and coating systems, as well as heavy-duty linings.
The company said it would now be able to provide increased local and national service capabilities for customers in a market where long delivery routes are an ongoing challenge.
Rema Tip Top supplies a combination of in-house products and goods from selected partners. Its aim is to increase sales in Australia, including products from its conveyors belting range, such as belts, cleaning systems and pulley laggings, and surface protection portfolio.
"Our aspiration is the market leadership in Australia, regarding material processing as well as surface protection," said Karsten Bartnicki, CEO of Rema Tip Top Industry Australia.
"A current order about rubber lining of 80 storage tanks with our rubber products strengthens our confidence in our plan."
Bartnicki became CEO of the Australian subsidiary, which is predicted to have an annual turnover of A$160 million (US$109 million) in 2019, at the end of last year.