In the latest acquisition to hit the building products industry in Australia, a UK supplier of metal ceilings and partitions has bought a Sydney based ceiling distributor with whom it recently worked in supplying roofing for Australia’s biggest commercial building project at Barangaroo.
In a statement last week, SAS International announced it had acquired the assets of Sydney based ceiling distributor Mikor for an undisclosed sum, saying the move would strengthen SAS’s position within the local market and enhance its ability to increase its resource and service provision within Australia.
SAS International (Australia) National Sales Manager Mauro Corazzi said the two companies enjoy a strong working relationship which previously led to the supply of 200,000 square meters of metal roofing on Lend Lease’s Barangaroo development, and that SAS’s ceiling systems have also been installed within other Sydney buildings such as Commonwealth Bank Place, Darling Quarter and 1 Bligh Street.
He said the acquisition would see SAS expand its offerings in both the project specification and distribution markets to meet recovering demand in commercial property.
“This expansion means that SAS International is well placed to service the market in Australia and continue to meet the growing demand for our metal ceiling solutions” Corazzi said.
The merged entity will operate out of a Bathurst Street office in Sydney and will have a warehouse in a separate location.
A spokesperson for SAS told Sourceable no employment positions had been affected by the move and it was ‘business as usual’ as far as Mikor’s existing distribution arrangements with other suppliers.
The spokesperson said SAS’s focus in Australia would revolve around acoustic metal pan ceiling systems (clip in/lay in) for normal suspended ceiling application and integration with M&E systems (particularly chilled beams) as well as architectural metalwork including column cladding, acoustic baffles, spandrel panels, bespoke ceilings.