Rocky Point and the Hyne Group today have announced a partnership, combining years of know-how and experience to grow the respective businesses into the future.
Rocky Point has been actively pursuing partnerships as part of its strategic plan for growth. CEO and third generation of the business, Matt Keith said “this is a significant milestone for the business.”
“This will create opportunities for future growth while allowing our generational family business to execute succession planning for future generations. The partnership will open a new chapter where we can focus on manufacturing quality products at a national level.”
“We all share the sentiment for the importance of cultural integrity and excellence, and the belief that family culture and values not only provide differentiation but are a key competitive advantage.”
“It is business as usual with no changes to our brand, structure or quality services for our valued customers.” Mr Keith said.
Just 12 months ago the Hyne Group announced the partnership between the UK based company James Jones and Sons Ltd (JJSL), and the Hyne Group has since been actively considering opportunities for growth and expansion in Australia.
This latest partnership with Rocky Point sees the Hyne Group hold a 60% interest while Rocky Point retain the remaining interest of 40%.
The Hyne Group are one of the largest, softwood sawmilling operations in Australia with large mills near Maryborough Queensland and Tumbarumba NSW, a Glue Laminating Timber plant in Maryborough, and a Cross Laminated Timber plant in Wodonga Victoria, operating as XLam. The Hyne Group manufactures and distributes a range of structural, engineered, industrial and landscape timber products as well as selling a range of chip, bark, sawdust and shaving by-products to the remanufacturing and landscape industries. The Hyne Group has teams located throughout the Eastern Seaboard from Cairns to Melbourne and across to New Zealand and a partnership in the UK.
Hyne Group CEO, Jon Kleinschmidt said “this is an exciting new chapter for both the Hyne Group and Rocky Point.”
“Rocky Point is a like-minded, family-owned business based in Queensland since 1949.”
“In our JJSL partnership announcement 12 months ago, we committed to expansion and growth, focused on family-owned businesses with shared values including our focus on the production of sustainable, quality products.”
“Rocky Point is a great partnership opportunity and together, we can grow our businesses, delivering even better, world-class products and services into the future.” Mr Kleinschmidt said.
More information of the two companies can be found at:
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