Australian Office Wholesalers (AOW) is to acquire Beautone Australia, effective October 2005.
Bantex Australia announced its parent company’s (AOW) intentions, confirming that Beautone will continue to trade independently.
Graham Johnson, Beautone Australia’s CEO, will remain with the company in a non-executive directorship.
Johnson has welcomed the arrival of some manufacturing consolidation in the Australian market. He told OPI: "The Australian market has not addressed issues that have been addressed in Europe and the US, such as consolidation at the supplier level."