Mr Kelly said Aeroklas Asia Pacific was budgeting for strong growth in the current financial year, which ends on March 31, 2023.
He said the group was aiming for annual sales of between $160 million to $170 million across all of its businesses. Bringing the Tough Dog business into the stable would add a further 32 employees to the workforce, which will expand to more than 300. He said Tough Dog would operate as a standalone business, with existing management to stay on, and earn-out provisions in place.
Mr Kelly said ARB Corporation was a strong competitor, but he was focused on lifting growth rates through a disciplined strategy. Aeroklas Australia is eyeing further acquisitions.
“We’ve certainly got an acquisition strategy,” he said. The company also intends to roll out more TJM retail outlets and expand the distribution of that brand. There are 100 distribution points in…
