We are aware that after the announcement to the market yesterday of the liquidation of TradeTech NZ that there is some confusion as to how this relates to Fero.
Prior to 2014 Fero incorporated TradeTech and Wire Solutions. In 2014 Fero sold TradeTech NZ to a private operator. At this time Fero and TradeTech became completely separate entities with no common ownership or other interests. Both companies are operating in different sectors of the market and providing different services.
As separate entities Fero is in no way effected by the liquidation of TradeTech.
We do have some common customers, and some of those customers are unclear on how the businesses are structured and owned. This has caused some confusion in the market, of which we would like to clear up. Fero is a business that has seen significant growth since 2014 and is very secure in its operations. We have a strong future supporting New Zealand Manufacturers and helping to ensure that the local manufacturing sector remains strong. 2017 looks to be a very exciting year for Fero with a number of new initiatives that we will be introducing to support our customers and to continue to support manufacturing in New Zealand.
If there are any questions or uncertainties I am always happy to discuss. Please don’t hesitate to contact me at email@example.com