JAS Sold To NZ Investment Company

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It’s not only Australia’s real estate that’s hot at this moment. Our major parts distributors are opening new branches and others are expanding through acquisitions. Add to these the news that JAS has been sold to New Zealand’s Hellaby Holdings.

Aussie readers may not recognise the name Hellaby as they are based in New Zealand. We understand that Hellaby commenced discussions with JAS in late 2014 as they sought to increase their Australian automotive footprint which already includes Federal Batteries and Diesel Distributors Australia (DDAL).

JAS owns two subsidiaries; Low Voltage Pty Ltd (“Low Voltage”, “LV”), which was newly established in 2012, and Australian Automotive Electrical Wholesale Pty Ltd (“AAEW”), which was acquired in 2008.

JAS has around 100 employees and operates 19 (17 JAS, 1 AAEW, 1 LV) branches nationwide. With a product range exceeding 20,000 individual product codes, JAS services a wide ranging and well-balanced customer base that includes other automotive distributors/resellers, specialist automotive workshops, auto electricians, mining companies, contractors, government departments and local councils.

Hellaby Holdings is an investment company, which owns a diversified portfolio of 15 industrial, distribution and retail businesses. Their investment portfolio is structured through five divisions – Oil & Gas Services, Automotive, Equipment, Packaging and even Footwear.

Our office has contacted JAS management for further info, so stay tuned for further updates…

For more information on Hellaby Holdings please visit www.hellabyholdings.co.nz or www.jas.com.au