Wednesday, July 29, 2015

Now the fun begins!


Garry and I have bought a toy company. Yes, you heard that right. After almost five months of due diligence and fraught negotiations, we’re now the proud owners of Artiwood. The company was established in 1999 by its founding owner, John Daniels, who’s just sold his business to us.

We signed the paperwork, and handed over a fat bank cheque, at a signing ceremony at our solicitor’s office in North Sydney on 11 June. We’d already paid an initial deposit a month earlier. Here’s an industry magazine’s story about our acquisition

Since then, the last six weeks have been a blur. We closed the business for a week to manage the transition of its back-office systems and bring a new IT network up to speed. Garry’s burnt the candle at both ends to ensure we hit the ground running. John Daniels also flew down from the Northern Rivers to help with the transition. He based himself in the Meriton serviced apartment across the road for a week.

Now the fun begins!

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