TMA investment heads True North

TMA investment heads True North
Print procurement specialist intends to double its business over the coming years

Multinational TMA Group has taken a 31 per cent shareholding in True North Group Holdings, a local supply chain management company that has set its sights on competitively shaking up the print industry.

John G Snaith, chief executive at True North Group Holdings, says, “TMA Group’s strategic interest in True North Group Holdings symbolises a significant backing of our position as an innovative supply chain management industry leader.

“Additionally, it means true North Group Holdings can position itself strongly to achieve its goal of doubling the business of the coming years.”

He adds that TMA Group’s investment enhances True North’s business platform in terms of potential for growth and balance sheet strength, launching the company into a new era. He says, “We are now an even more competitive option for government ministry contracts requiring a full-service model.”

Anthony Karam, executive chairman at TMA Group, says TMA Group constantly looks at innovation for its future, and is excited by how True North’s model augments the provision of cost-effective supply chain solutions. He says, “True North, led by chief executive officer John G Snaith is a truly innovative and customer-focused print management organisation. Under John’s stewardship, True North’s innovation through its technology offering has created an industry leader that is punching well above its weight.”

True North Group Holdings offers managed services and technology solutions, specialising in print procurement with a media agnostic approach, growing digital capabilities. Its client base includes many of the largest retail, FMCG, hospitality, and financial services organisations in New Zealand and Australia and says it increasingly makes inroads into government ministries, which it sees as a key area of potential and growth.

Snaith describes True North’s point of difference as a single point of service across supply chains that serve operational and marketing team, which offers workflow specialist with innovative, world class, technology bookended by True North’s technology solution, Youtopia. He calls Youtopia a robust and secure procurement portal, linking clients to their suppliers. It includes workflow tools to track projects, order product, request quotes, store digital assets, communicate with stakeholders and a strong suite of reporting tools.

Established as a start-up in 2009, True North has grown to have 80 staff, a $28m annual turnover and recognition as New Zealand’s largest managed services business specialising in print.

TMA Group, with revenue of over $150m, has operations in Australia, the Philippines, the US and Canada.

Source: NewZealand Printer

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