Page 20 - Australasian Paint & Panel magazine July-August 2022

20
News • In Focus
PAINT&PANEL
JULY / AUGUST 2022
WWW.PAINTANDPANEL.COM.AU
CAPRICORN
eligible for dividends if they are de- clared. By using their Capricorn trade accounts to purchase from Capricorn preferred suppliers, members were able to benefit from $92 million in pre- tax returns in 2021. This equated to a member value return of 28%.
Making your business
stronger is without a doubt the major advantage of being a Capricorn member.”
Capricorn continues its almost five- decade-long history of successful growth while maintaining its core co- operative and ethical values of hones- ty, openness, social responsibility and caring for others.
According to David Fraser, Capricorn Chief Executive Officer, “I genuinely be- lieve cooperatives are purpose-driven organisations that have relevance and meaning for their members’ lives every day. This is the difference between the investor model and the cooperative and mutual model of business, and it is the bedrock that makes them so special.
“Supporting our members’ business- es and helping to make them stronger is fundamental to ensuring a positive and sustainable future. Making your business stronger is without a doubt the major advantage of being a Capri- corn member, as more than 25,000 members across Australia and New Zealand can attest,” Fraser said.
Bradley Gannon, Capricorn Automo- tive Chief Executive Officer said: “The more we grow our membership, the more opportunity there will be to add even greater value to our members, to help them run an even better and stronger business.
“Although our size and offering have increased over the years, what hasn’t changed is our complete member focus - we still put the member at the heart of everything that we do. Together we are stronger and together we will survive and thrive in these challenging and ev- er-changing times.”, Gannon said.
To find out more about joining Cap- ricorn, visit capricorn.coop
MILESTONE
OVER 25,000 AUTOMOTIVE BUSINESSES ARE NOW PART OF THE CAPRICORN COOPERATIVE ACROSS AUSTRALIA AND NEW ZEALAND.
C
CAPRICORN CELEBRATES AN
outstanding milestone in 2022, reaching 25,000 Mem- ber businesses across Austral-
ia and New Zealand.
It has been 48 years since Capricorn
was created by 17 Western Australian Golden Fleece service station opera- tors, seeking to gain more parts pur- chasing power and value by uniting as a cooperative.
Steady growth has been the hall- mark of Capricorn’s success, meaning
so much more than strength in num- bers. Capricorn’s success comes from being an extensive and highly effec- tive network created by auto repairers for auto repairers.
At 25,000 plus members, Capricorn is now the third-largest cooperative in Australia. Capricorn is proud of the im- pact it has had on Member businesses, their families and the broader automo- tive aftermarket industry.
As a cooperative, Capricorn mem- bers are also the owners, making them