Graphic Arts Supplies, an Adelaide-based company, is setting its sights on acquisitions to fuel its growth ambitions, aiming to double its business by 2024. The company’s sales director, Steve Murphy, revealed their openness to joint ventures, mergers, or acquisitions, particularly targeting businesses of similar size within the industry nationwide.
Having recently expanded into Western Australia, Graphic Arts Supplies is now considering further growth opportunities in Brisbane. The company’s strategic move into new markets is supported by the appointment of Len Page, a former Starleaton executive, as the state sales manager for Western Australia.
Murphy emphasized the significance of the Perth market, expressing confidence in the growth potential it offers. He believes that amidst the uncertainties brought by the pandemic, the print industry is poised for a defining year, with Graphic Arts Supplies well-positioned to capitalize on potential growth opportunities.
Under the leadership of Murphy and his business partner, Michael Clarke, Graphic Arts Supplies has experienced substantial growth since its acquisition six years ago. The company has witnessed a doubling in size and is projecting a revenue increase of 20-25% for the current year.
With plans for a significant acquisition on the horizon, Graphic Arts Supplies is gearing up for a national expansion that would effectively double its reach. The company’s recent installations of cutting-edge printing equipment at various businesses in Adelaide underscore its commitment to innovation and service excellence.
In a strategic move in 2023, Graphic Arts Supplies secured the representation of Mutoh products in South Australia and the Northern Territory, expanding its portfolio to include a range of advanced printing solutions. This move further solidifies the company’s position as a leading supplier of eco-solvent, UV, and sublimation printers in the region.
The company’s growth trajectory reflects its proactive approach to market opportunities and its commitment to meeting the evolving needs of the printing industry. By aligning its expansion plans with emerging trends and customer demands, Graphic Arts Supplies is positioning itself for sustained success in a competitive market landscape.
As the company continues to explore avenues for growth and expansion, its focus remains on delivering value to customers through innovative solutions and exceptional service. With a clear vision for the future and a strategic roadmap in place, Graphic Arts Supplies is poised to make significant strides in the printing industry, solidifying its position as a key player in the market.
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