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New Zealand Post Purchases Ansett Express

2 July 1999

New Zealand Post Purchases Ansett Express

New Zealand Post Limited has signed a Sale and Purchase agreement to acquire courier company Ansett Express for an undisclosed sum from owners Air New Zealand Limited and Ansett Holdings Limited.

The change of ownership will be effective from 5 July 1999. New Zealand Post was previously named as preferred bidder for Ansett Express on 20 May.

New Zealand Post Group Manager Distribution, Mr Chris Callen, said the Ansett Express brand name and services would be retained and the company would operate as a subsidiary of New Zealand Post.

“It will be business as usual for Ansett Express customers, staff and contractors,” Mr Callen said.

“The acquisition of Ansett Express expands New Zealand Post’s distribution capability and builds on our multi-brand investment strategy in the courier and parcel industry. Ansett Express has a strong market presence with a distinctive business culture and customer profile that we intend to grow.”

Iain Hill will take over from Trevor Rainham as General Manager of Ansett Express. Mr Hill comes from technical network courier company Smack on Time, a New Zealand Post subsidiary, where he was general manager. He was previously involved in the successful restructuring of CourierPost. Mr Rainham returns to Air New Zealand.

Ansett Express has 440 staff, 270 owner-drivers, 15 line-haul operators and approximately 15,000 customers. It has branches in Auckland, Wellington, Christchurch, Dunedin, Tauranga, Hamilton, Palmerston North and Napier, and has 22 agencies located around the country.

ENDS



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