Statmark and Silveray to marry

8 February 2005 – Germiston (RSA): Bidvest’s wholly owned OP subsidiaries Statmark and Silveray are to merge, opi.net has discovered.

The merger, due to be completed by the end of June, will see the alignment of local production facilities of Silveray with similar production facilities within the Bidvest Group. The current managing director of Statmark, Hans Servas, will become managing director of the new formation Statmark/Silveray.

Servas said: "The rapidly changing markets, both locally and globally, require greater focus on efficiency and synergy for companies to stay ahead of the game and the stationery and OP industry is no exception.

"The Bidvest group is constantly aware of better processes and opportunities," he added, "and this trend for greater efficiency between manufacture and the supply chain has prompted the decision to merge the two leading brand companies within the Bidvest stable."

Statmark/Silveray manages a number of international brands including Esselte, Stabilo, Rapid, Helix and Maped.