Visy Acquires Zenexus
Visy announced the acquisition of Zenexus, a privately owned supplier and distributor of moving and storage boxes, major brand hardware and retail products. Zenexus is one of the largest suppliers to Bunnings and the deal is expected to bring additional annual revenues of $170 million for Visy.
Anthony Pratt, Executive Chairman of Visy, commented, “The purchase will allow Visy to join our sister company Pratt Industries in the US with a dedicated, retail-facing business unit called Visy Retail Services.”
Zenexus owns household names such as FlexiStorage, RackIt and Wrap&Move and sells its products exclusively through Bunnings (Australia and New Zealand) and HomeBase (United Kingdom). Those brands will remain unchanged and continue to be sold through Bunnings and HomeBase.
Source
