Rema Tip Top has purchased the remaining shares it did not already own of Convatech to complement its recent opening of a Brisbane Centre of Excellence.
In 2016, 76 per cent of ConvaTech’s shares were acquired by Rema Tip Top, which has now increased the stake to 100 percent.
Rema Tip Top is a global provider of services and products in conveying and processing technology and surface protection.
Udo Zimmer, Rema Tip Top AG chief executive, said: “The complete acquisition of Rema Tip Top Industry Australia and the opening of our Brisbane Centre of Excellence release our full potential and demonstrate our leading role in Australia.”
Germany-based Rema Tip Top opened the Brisbane Centre of Excellence to serve as its east coast surface protection hub in the past year, adding to its existing operations in Perth.
The company’s surface protection technology prevents corrosion through rubber lining, coating, and heavy-duty lining solutions.
Its challenges in the Australian market include size and long delivery routes. The new hub will work towards tackling these challenges by increasing its local and national service capabilities.
These moves increase Rema Tip Top’s reach into the Australian market through its focus on technology and people.
Karsten Bartnicki, CEO of Industry Australia said: “Our aspiration is the market leadership in Australia, regarding material processing as well as surface protection.”
Within the year, Rema Tip Top has also presented Rema MCube, a system for digital, proactive monitoring and conveyor system maintenance.
The technology helps mining companies and other operators extend the lifetime of conveyor belts.
Rema Tip Top has also graduated trainee belt splicers since 2018 to fulfil industry-wide demand for skilled labour, in accordance with national certification and a focus on quality.