ITI Timspec expanding in NZ
Friday 9 Apr 2021
ITI is an Australian based building supplies wholesale/distribution company that is 100% owned by a New Zealander. ITI has 9 distribution sites in Australia, manufacturing in Chile, procurement office in Indonesia and Sales in the USA. Total revenue for YE June 2021 will reach approximately $AU500 million. ITI purchased Timspec in March of 2019 as part of the owners wish to establish a business in his homeland, which led to the formation of ITI Timspec.
The vision for ITI Timspec is to replicate the Australian business growth strategy through, significantly increased stock holdings, acquisitions, and rapid expansion of the product range, including working with suppliers to the Australian business and opening New Zealand to these suppliers. This growth has been restricted by the sites that Timspec leased which, while suitable for the Timspec model, are too small to carry increased stock volumes in both the traditional Timspec products as well as an expanded product range.
Source: ITI Timspec
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