GNS Wholesale Stationers today announced it has signed an agreement to acquire the business and operations of V Wholesale from its owner, Alex Ffrost. Founded in 2004, V Wholesale is a Sydney-based independent wholesaler of office products and IT consumables.
As part of the agreement, V Wholesale will combine its New South Wales operations with those of GNS. Alex Ffrost will join the GNS team and work closely to deliver a stronger product and service offering to customers across the commercial enterprise market.
Paul Yardley, CEO of GNS Wholesale, said, “I’m really pleased to announce the acquisition of V Wholesale, continuing the consolidation that is ongoing within our industry. Alex and his team have built a great business with strong customer relationships, and will bring fresh expertise to GNS, particularly in new channels to market. GNS intends to continue building a true national wholesaler with customers and suppliers benefitting from efficiencies.”
Alex Ffrost, owner of V Wholesale, said, “After 13 years of independent operation I am excited to be partnering with an organisation that understands what is needed for the future of our industry. I’m really looking forward to playing an ongoing role and bringing my expertise to the GNS team, as well as ensuring the transition for V Wholesale customers is seamless.”
Terms of the acquisition are confidential and have not been disclosed. The acquisition is expected to take effect on or around 1 July 2017 and will be funded from GNS’ existing cash resources.
CEO | GNS Wholesale
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