Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


TESA Enters New Era after 46 Years

Media Information

January 11, 2013

TESA Enters New Era after 46 Years

It’s the start of a brand new era for one of New Zealand’s oldest privately owned electronics companies still run by its original owner, following the sale of TESA Electronics Ltd.

Established in 1966 by Bob Burstall, who has headed the company for the past 46 years, TESA has been purchased by another Auckland entrepreneur, Marc Jamieson, who is combining it with his photographic products business, Focal Holdings.

The newly combined entity will trade under the TESA Distribution name and brings 25 staff together from the two companies, including some with more than 40 years service.

“TESA has such a long and rich history in New Zealand, with an enormous amount of goodwill and excellent reputation for service, that it made perfect sense to retain a slight variation of the name for the combined businesses, enabling us to build on that platform for the future,” says Mr Jamieson.

While TESA is currently run out of a Penrose office and warehouse complex and Focal operates from Parnell, the two will eventually be brought together under one roof, he says – their separate Christchurch branches have already been combined and there is also representation in Wellington.

Mr Burstall says that after the best part of half a century at the helm of his own company it will be hard to step back, but he has every confidence in his successor.

“In many ways he reminds me of a much younger version of myself and I am convinced the future of the company is in good hands,” says Mr Burstall, who revealed that he had turned down several offers for TESA in recent years, as he had no intention of retiring while he still felt fit, able and enjoyed the work, but now with global digital technology felt the time was right. He won’t be letting go completely, however, remaining as an advisor/business consultant to the new company.

TESA began as a component manufacturing and Distribution Company in 1966, supplying parts for New Zealand-made television sets, in the days when imported electronics were very difficult to obtain, as the government used tariffs and strict regulations to encourage local production.

When restrictions were eased, TESA began importing a wider range of electronic products, supplying them directly to retailers also. It has gone on to become the New Zealand distributor for a number of well-known brand names, including Varta (batteries) and Agfa Photo (cameras/accessories) of Germany and Maxell (PC/AV accessories) of Japan. In fact, it was an approach by TESA that led Varta to sell its batteries directly to consumers in Australasia where it was previously an OEM supplier only, and New Zealand was used as a test market. TESA was also among the first in New Zealand to sell compact digital weather stations for consumer use.

Today, TESA Distribution offers a wide range of products to retailers, from digital electronic and photographic consumables to computer and audio accessories, along with batteries for all types of uses.

As New Zealand went from being a closed market to a very open one, competition also increased, but TESA followed its own business plan putting service before sales for success.

“Everything seems to come out of China these days, but before then it was Japan, Taiwan, Hong Kong, Singapore and the Philippines selling very cheap goods and we wanted to offer a point of difference, so we mainly concentrated on the mid-to-higher end of the market, sourcing many of our products from Europe and focusing on good brands – that has worked very well for us over the years,” says Mr Burstall, who was made a Member of the New Zealand Order of Merit for his services to recreational fisheries management, protection and access.

Focal Holdings, meanwhile, was started 30 years ago, importing and distributing photographic accessories. It, too, has focused on representing good brands, including Manfrotto, National Geographic and Kata camera bags, Gerber binoculars, Lastolite lighting, Hama accessories and Adata memory products. It was purchased by Mr Jamieson in 2010.

“Our two businesses are very complementary and that is what attracted me to TESA in the first place,” Mr Jamieson adds.

“Effectively, we are doubling our strengths.”

-o0o-

Signing the deal – new owner Marc Jamieson (left), shakes hands with Bob Burstall, who founded TESA in 1966


ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news