Proquip Announces Major Shareholding Acquisition by Abco

Proquip, a cornerstone of the New Zealand cleaning supply industry for over 40 years, is excited to announce that as of October 1, 2024, the majority shareholding of the company was acquired by Abco, a leading supplier of cleaning products, equipment and services based in Australia.

Kerry Boon, Managing Director of Proquip, shared his enthusiasm for this transformative development. “I am delighted to bring this exciting news to our valued customers. This acquisition by Abco marks a significant milestone for Proquip. Since our origins as a brushware supplier in the automotive hub over four decades ago, we have grown into a highly recognised market leader in the cleaning supply industry, operating from state-of-the-art facilities in Auckland, Wellington, and Christchurch.

With Abco’s extensive resources and expertise, we are set to enhance our product range and services even further. This transition will introduce many new products, services, innovations and technology while maintaining our commitment to the highest level of service and quality you have come to expect from us.”

James Bagshaw, Managing Director of Abco, also expressed his excitement about the acquisition and expansion. “We are thrilled to extend our successful operations from Australia into New Zealand through this partnership with Proquip. This expansion aligns perfectly with our strategy to enhance our market presence and complement Proquip’s established reputation. By integrating our expertise with Proquip’s industry-leading position and several decades of collective experience, we aim to deliver even greater value and drive continued innovation. We will also be launching some game-changing digital innovations for the industry in 2025, which we will be launching across both countries”

Proquip has been a beacon of excellence and innovation in the cleaning supply sector, underpinned by a strong fiscal position and a culture of continuous improvement. The company’s commitment to customer satisfaction and staff training ensures that Proquip remains a highly recognized and trusted market player.

The acquisition by Abco represents a new chapter in Proquip’s storied history, promising expanded capabilities and enhanced service offerings. Customers can look forward to benefiting from this partnership as Proquip continues to grow and evolve.

Proquip and Abco will be exhibiting at the CleanNZ Expo in Christchurch on 6-7 November and look forward to discussing what value this new partnership can bring to your business. We will also be introducing the innovative Streamline brand from the UK at the show, who provide high level pressure washing, window and roof cleaning equipment, to the New Zealand market.
 
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