Effective on 1st March 2017, Australia’s largest spring maker, Marsh Springs, will acquire Gibbens Industries, the spring business of the Gibbens Group. This will allow the Gibbens Group to pursue growth opportunities in other areas of interest, whilst enabling Marsh Springs to strengthen its position in the Australian spring and metal product market.
The acquisition has been planned over a long period to ensure that there is minimal disruption to supply for clients. Whilst Gibbens Industries will trade as Thomas Marsh & Co Pty Ltd from 1st March 2017, operations will continue at the current site for the majority of 2017. A condition of the acquisition is that the business is to vacate the current site before the end of the year and during this time a thoughtful and careful transition will be planned with all parties involved. This approach to the acquisition and transition of Gibbens Industries has been devised so that clients and employees of both businesses are effectively catered for in the process.
Gibbens Industries is located in Lisarow on the Central Coast of NSW and has approximately 20 staff. Its client base spans across many industries and also includes the production of pocket springs for the bedding industry. Gibbens Industries is a fourth generation family business which originally commenced trading in Sydney with the family having been involved in the spring industry for over 100 hundred years. The acquisition of the business by Marsh Springs will enable the business to further prosper and continue to deliver on the traditions of high levels of client service and quality product.
Marsh Springs is located in Carole Park, south west of Brisbane in Queensland and has approximately 60 staff. Marsh Springs has over the past years extended its product range beyond springs with wire and other metal products and successfully acquired and integrated in the last few years Bayswater Springs, Bernhart Springs, Gibbens Queensland and Queensland Springs. Marsh Springs is also a family owned business which has been trading for more than 60 years. The acquisition of Gibbens Industries by Marsh Springs combines two of the strongest brands in the Australian spring industry with a complimentary product and service offering.
For further information on this announcement please don’t hesitate to contact either of the following:
- Peter Bell on 07 3271 3500
Sales Manager Marsh Springs
Pravin Manadavadi on 02 4323 7411
R&D Manager Gibbens Industries