True North to shake up procurement industry

True North to shake up procurement industry with global backing

18 October – A leading New Zealand supply chain management company has set its sights on competitively shaking up the industry after investment from a global printing company.

True North Group Holdings announced today that TMA Group had invested in the company, taking a 31% shareholding. A diversified multinational company with operations in Australia, the Philippines, the US and Canada, TMA Group has group revenue over NZ$150 million.

“TMA Group’s strategic interest in True North Group Holdings symbolises a significant backing of our position as an innovative supply chain management industry leader,” says True North Group Holdings chief executive John-G Snaith.

“Additionally it means true North Group Holdings can position itself strongly to achieve its goal of doubling the business of the coming years.”

True North Group Holdings offers specialised managed services and technology solutions that are at the forefront of corporate procurement in New Zealand and Australia.

Established as a start-up in 2009, it has grown to have 80 staff, a $28m annual turnover and recognition as New Zealand’s largest managed services business specialising in print.

Its major client base consists of many of the largest retail, FMCG, hospitality and financial services organisations in New Zealand and Australia. At the same time, it is increasingly making in-roads into government ministries, a key area of potential and growth.

Mr Snaith says True North’s point of difference is being a single point of service across supply chains that serve operational and marketing teams. The company specialises in print procurement with a media-agnostic approach, growing digital capabilities.

It is also a workflow specialist with innovative, world class, technology bookended by True North’s unique technology solution, Youtopia.

Youtopia is a robust and secure procurement portal, linking clients to their suppliers. It includes workflow tools to track projects, order product, request quotes, store digital assets, communicate with stakeholders and a strong suite of reporting tools.

Mr Snaith adds that the most exciting aspect of TMA Group’s investment is that it enhances True North’s business platform in terms of potential for growth and balance sheet strength, launching the company into a new era.

“We are now an even more competitive option for government ministry contracts requiring a full-service model.”

TMA Group executive chairman Anthony Karam says the global company is delighted to have purchased a strategic interest in True North and further increased its commitment to New Zealand through expanding its operations.

Mr Karam says TMA Group is constantly looking at innovation for its future, and is excited by how True North’s model augments the provision of cost-effective supply chain solutions.

“True North led by CEO John-G Snaith is a truly innovative and customer-focused print management organisation.

“Under John’s stewardship, True North’s innovation through its technology offering has created an industry leader that is punching well above its weight.”

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