PRESS RELEASE: Mayneline Kitchens & Joinery sold to an undisclosed national construction group – Johnsons Corporate Divestment

March 2017

Mayneline logo_Web
Overhead view of Mayneline's factory floor

Johnsons is pleased to announce another successful sale of a private, mid-sized Australian business to a synergistic trade buyer. After facilitating a comprehend-sive, end-to-end sales and negotiations process, our client – Mayneline Kitchens & Joinery – has been acquired by interests associated with a national construction group, for an undisclosed amount. Based on Queensland’s Gold Coast, Mayenline is a leading cabinetry and joinery manufacturer specialising in multi-storey residential devel­opments in Sydney, Canberra, Melbourne and Brisbane.

The team at Johnsons were pleased to act as lead advisors to Mayneline’s owner and would like to extend our congratulations to both the vendor and the purchaser.

In 2016, after growing the business over 12 years, Mayneline’s director engaged Johnsons to assist with a divestment campaign in order to focus more of his energy and resources towards other business & personal interests. Following a comprehensive marketing campaign – targeting international and local trade buyers as well as financial buyers – Johnsons generated more than 42 expressions of interest and secured offer & acceptance within 13 weeks of going to market. As an acquisition Mayneline will provide its purchaser with strategic diversification as well as con­trol over the supply of key inputs.

For over 50 years Johnsons Corporate has specialised in the provision of business sales and acquisition services for mid-sized, private Australian companies. Our clients get results because Johnsons’ approach is specifically designed for the mid-market business sector. Custom research and direct marketing capabilities, combined with expertise in sales and negotiations, create a service unavailable elsewhere in the field of traditional business broking and corporate advisory.