This article is from the Australian Property Journal archive
The JWH Group has taken over Plunkett Homes.
JWH Group managing director Julian Walter said the acquisition, which takes effect at the end of March 2006, will deliver immediate benefits and synergies to both companies and their customers.
“JWH Group and Plunkett Homes enjoy very similar cultures and we share a strong commitment to our staff and to the community. Plunkett Homes were established over 100 years ago and will remain a stand-alone business within the JWH Group of companies. Although there will be no operational changes, there will be opportunity for both groups to review each others best practices and share them.
“It’s very much intended to retain the proud heritage and identity established by Thomas Scott Plunkett at the turn of the century,” he added.
The JWH Group is Western Australia’s third largest building group and a projected annual turnover of $360 million.
The JWH Group incorporates Oswald Homes, Residential Attitudes, Rural Building Company, In Vogue, Metro Style and WA Country Builders, and operates offices in the Perth metropolitan area and regional offices in Geraldton, Northam, Bunbury, Busselton and Albany.
“All JWH companies operate independently. This ensures our customers enjoy the speed and personal service they expect from a smaller builder, but with the added security and purchasing power of one Australia’s strongest building companies behind them. It also allows us to differentiate our products and deliver to a broad range of customers across different segments of the housing market.
“My association with Plunkett Homes goes back to when I was a marketing manager there in the 1970’s. Since founding the JWH Group, I have maintained a very good relationship with the directors of Plunkett Homes and admired the way they ran their business. With Plunkett Homes’ directors Marcus Plunkett and Ray Warren electing to retire from active involvement in the company, the opportunity to acquire Plunkett Homes is a win/win situation for all parties” said Mr Walter,” Walter said.
Plunkett Homes managing director Tony Pritchett, who has been with the company for 20 years, will continue to lead the company. Julian Walter becomes a director of Plunkett Homes.
By Adam Parsons
