Perth-based manufacturer Dura Composites Australasia has branched interstate, by purchasing Melbourne business Composite Engineering.
DCA’s first acquisition will add an office and warehouse as well as up to five staff members to the company taking its staff numbers to 14.
DCA chief executive Andy Greathead would not be drawn on the cost of the acquisition but told WA Business News that Composite Engineering’s managing director, David Barrie, would take an equity stake in the merged company.
“Melbourne-based Composite Engineering, established eight years ago, is a highly respected and established supplier of a wider range of fibre reinforced plastic composite products and will fit very well with DCA,” Mr Greathead said.
“We are all excited about the future and the acquisition of CE represents the first step in a process of establishing a truly national and international footprint.”
He said there was an increasing demand for DCA’s products and with the company now covering more than one time zone and being able to handle the products in-house would lead to a smoother and more cost effective experience for clients.
Earlier this year DCA signed a deal with Dura Composites UK to supply 21 countries in the region with advanced composite materials.
Mr Greathead, who previously ran ASX-listed resources services company ADG Global Supply, set up DCA last May as an offshoot to Mogas International and supplies composite products to the industrial, timber, marine and architecture industries.