Consumables distributor Dynamic Supplies has bought itself an end of financial year present, acquiring fellow Brisbane-based wholesaler Total Office Supplies (TOS Wholesale).
TOS Wholesale has been supplying IT goods to the national market for over 17 years, and claims to be the first distributor of IBM and Lexmark in Australia. Of late it has been specialising in consumable printing products from the likes of Lexmark, Canon, Epson and Hewlett-Packard.
Alex Piccinini, Dynamic Supplies' managing director, said he was not actively seeking to make acquisitions but was presented with a unique opportunity in TOS Wholesale. "This is our first ever acquisition, mainly because my preference is to grow our business organically," he said.
Dynamic Supplies has moved TOS Wholesale's stock to its premises and has already hired two TOS staff and made offers to several others.
Next on the list for Dynamic Supplies is to open a Sydney distribution facility within the next few months. Piccinini said he wants to locate in such an area that would better serve Sydney's western suburbs, considering DaisyTek's and Tech Pacific's presence in the city's south-east.