James Hardie acquires Ritek Wall Systems
James Hardie has acquired the Ritek Wall Systems business as part of the company’s strategy to expand its product offering into the growing medium to high density construction segment.
The Ritek Wall Systems business will operate through a company called James Hardie Systems, which forms part of the James Hardie group and is headed up by General Manager, Steven Terzian.
“Permanent formwork is approximately 30 per cent of the medium to high density construction market,” says Steven.
“The Ritek permanent formwork walling system is a quality product that enables the delivery of a durable finished wall. The speed of wall construction allows our customers to optimise their construction budgets and improve building timeframes.”
James Hardie Systems will be focusing on complementing the premium Ritek wall system by further enhancing customer experience to deliver a leading permanent formwork system across the Australian market.
To support growth, the company will be expanding the sales and marketing teams– Kristy Harder has been appointed marketing manager and Bassem Francis in the Finance Manager role.
“James Hardie has had a long term partnership with Ritek Wall Systems, as the supplier of quality fibre cement products for the manufacture of the Ritek permanent formwork walling systems. Ritek Wall Systems now benefits from James Hardies’ strong support network and we welcome the Ritek team to our organisation,” says Steven.
“James Hardie Systems will continue to operate from the Cooroy manufacturing facility and serve our Australian customers– it’s business as usual.”