The SAPE Group has announced the expansion of its paint portfolio through the acquisition of the Paint Depot, which is based in Brisbane and Gold Coast.
With this new step, the SAPE Group said it reaffirms its commitment to growing and expanding its operations in Australia and investing in the collision repair industry, particularly during a time of significant transition within the industry.
Ray McMartin, CEO of the SAPE Group, said: “This is an important move for the SAPE Group in Queensland. The acquisition will allow us to access new markets and to expand the business through The Paint Depot’s existing client base. The acquisition also marks the latest milestone in evolution and growth for the SAPE Group since opening in 1976.”
As part of the acquisition agreement, all existing management and staff will retain their jobs. There will be an amalgamation of branches, with the Brisbane Branch to be located at 1/11 Woomera Place, Archerfield. The Gold Coast Branch will become located at 3/116 Minnie Street, Southport.
Paul McMartin, Operations Manager for the SAPE Group Operations, said: “We are strongly committed to expanding our business in Australia and this acquisition makes perfect sense. The Paint Depot is a great company with huge potential, and their product range complements SAPE’s existing business perfectly.
“We’re so proud of this achievement and welcome the company’s employees to the SAPE Group.”