The acquisition includes manufacturing capabilities in Australia, a relatively new factory in Malaysia with an experienced management team and a dedicated workforce and sales team. Ian Cocoran will become Managing Director and ensure that the business is developed as part of Geveko Markings to become the best and preferred supplier of quality road and pavement marking materials in the region.
RRSP was founded in 2003 and is headquartered in Melbourne. The company is recognized as a capable and market leading supplier of road markings and traffic safety products. It holds accreditations, approvals and certifications in Australia, New Zealand and the broader Asia Pacific region. RRSP’s product offering includes Hot Applied Thermoplastic, Preformed Thermoplastic, Waterborne Paint, Solvent-borne Paint, Cold Plastic, Glass beads, Markers & Adhesives and Klemmfix products. In addition, the company is a distributor of complementary road safety products and equipment.
The purchase of RRSP reflects Geveko Markings’ strategy to strengthen and further develop its global footprint as a leading and value adding supplier of high-quality road and pavement marking materials. The aim is to expand sales by adding more sales resources and establish a more dedicated sales focus across the Asia Pacific region.
RRSP will provide Geveko Markings with broader access to the Asia Pacific market and during the coming months, Geveko Markings will fully integrate the RRSP and its employees into the group’s operational structure and shared service functions.
The results of RRSP will be consolidated from April 1, 2019 and the acquisition will immediately contribute to the revenue and earnings of Geveko Markings Group.
For further information, contact:
+45 23 25 02 24