Page 8 - Australian Paint & Panel Magazine May-June 2019
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Australia called Vizion. The group say it is responding to changing market condi- tions which includes industry consolida- tion. Four WA repairers believe it is time for independent single site operators to work together to seek the benefits that a group business environment can offer.
The directors own and operate four es- tablished businesses and are in negotia- tions to purchase others.
Nick Farago and Heath Barber own Paull & Warner in Perth and Belmont and Wade Morrison and Scott Bitters own and operate Universal Panel & Paint in Neerabup. Vizion O’Connor is the newest acquisition and the first of the group’s businesses to be branded under the Vizion banner.
These young, business professionals saw the need to change. Their aim is to present a group of strategically placed
businesses that provide a consolidated of- fer to work providers which will benefit all parties and increase the volume of re- pairs through all the group businesses.
The company was established in 2017 to acquire and operate a group of profes- sional body repair businesses using econ- omies of scale to streamline processes and reduce operating costs. Vizion is a privately owned, multi-site business fo- cussed on customer service and quality outcomes. The management team uses industry best practice to provide fast and cost-effective repair management, lean initiatives to minimise waste and econo- mies of scale to reduce overheads.
The directors Vizion Group are actively seeking to acquire other body repair busi- nesses in WA that have a reputation for professional service and quality repairs. Go to or email
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Group is on track to be taken over for $3.8 billion by Japan-based Nippon Paint Holdings.
Nippon Paint, the biggest paint com- pany across Asia, which employs 20,000 people around the world, made a sur- prise takeover bid at $9.80 per share on 17 April. The shares immediately jumped 27 per cent to $9.75. This takes the company's market value to about $3.8 billion.
The DuluxGroup board has unani- mously recommended to shareholders that they accept the offer.
The takeover is subject to approval by shareholders, the courts, Foreign Invest- ment Review Board and New Zealand Overseas Investment Office.
Shareholders of DuluxGroup are ex- pected to vote on the potential takeover at a meeting to be held in late July.
Dulux won't change its name
"The proposed acquisition is an im- portant step in Nippon's global growth ambitions," DuluxGroup said in a state- ment to the ASX.
"DuluxGroup will be run as a sepa- rate division and will retain the Dulux- Group name.
Nippon Paint operates in Asia, Europe and the United States, but essentially has no presence in Australia or New Zealand. Dulux managing director Patrick Houli- han said there was little overlap between the two businesses, with Nippon Paint only selling a specialised paint to the car repairs industry in Australia.

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