The Australian arm of Saito Group based in Eagle Farm Brisbane has entered into an unconditional agreement to purchase the business of Spectrum Labels. The two business will be merged onto a common site in the next 120 days. Settlement is 29 January 2019 and is fully funded from internal resources.
Saito enterprises have objectives of assisting companies in a practical way to improve efficiency. Spectrum services clients with working label solutions and this is in similar space to Saito Australia PL.
Gavin Hodder Founding Director of Saito Group comments “This bolt on acquisition raises the profile and capability of our Saito Australia business unit and we expect will deliver additional benefits to clients of both companies.”
Saito was established in 1985 and now under second generation family management supported by an experienced management team is on a growth path that is delivering genuine hard benefits to our clients.
Saito Technical Ltd is deploying automation systems that solve client pain and deliver very rapid paybacks on marking and identification solutions. Saito Labels Ltd is delivering label and tag solutions to enable clients to run their businesses more efficiently and has clients in places as diverse as South America and PNG.