Strategic investments in Australia, New Zealand, Malaysia and Singapore
WUPPERTAL, GERMANY / ACCESSWIRE / November 8, 2024 / The Vorwerk Group, a global leader in direct sales for high-quality household appliances, announces two significant expansions in the Asia-Pacific region. With the acquisition of the world's largest independent Thermomix® distributor in Australia and New Zealand, which was previously not part of the Vorwerk Group, and the establishment of new subsidiaries in Malaysia and Singapore, Vorwerk is underlining its growth strategy and the goal of further strengthening the company's global presence.
Australia and New Zealand: A Milestone Acquisition
For over two decades, Australia and New Zealand have been served by the world's biggest independent distributor of Thermomix®, The Mix. This independent distributor is a family business, established and managed by Grace Mazur. The Mix is the largest direct sales company in Australia. Recognizing the market's success and growth potential, Vorwerk has acquired The Mix completely - even though Grace Mazur had not originally planned to sell it.
"Our commitment is in line with our global strategy of investing in markets with high growth potential and strengthening our presence in strategically important regions," says Dr. Thomas Stoffmehl, Speaker of the Executive Board of the Vorwerk Group. "The dedication of Grace, the entire Mazur family and their team to their customers and consultants over the past two decades has been absolutely outstanding," says Dr. Thomas Stoffmehl.
Both parties want to ensure a smooth transition while maintaining and building on the strong Thermomix® community in Australia and New Zealand. The acquisition reflects the strong alignment of values and goals that will benefit employees, consultants and customers alike.
Malaysia and Singapore: Establishing a Direct Presence
In parallel, Vorwerk is also expanding its presence in Southeast Asia by establishing a national subsidiary for the Malaysian and Singaporean markets. This move allows Vorwerk to directly manage business development in these key markets, reinforcing the company's commitment to Southeast Asia.
"The decision to open a subsidiary in Malaysia and Singapore is part of our long-term strategy to invest in high-potential markets," says Dr. Stoffmehl. "Our new structure will allow us to deepen customer relationships and provide even better support for our advisors, who are at the heart of our business."
Vorwerk acknowledges the exceptional contribution of its distributor in Malaysia and Singapore, who played a pivotal role in establishing the Thermomix® brand in the region over the past 15 years.
ABOUT VORWERK
Vorwerk is the number one direct sales company in Europe and the world-leading direct seller of high-quality household appliances. Founded in Wuppertal, Germany, in 1883, today Vorwerk is an international family enterprise. Its core business is the production and sale of superior household products (Thermomix® kitchen appliance, Kobold cleaning systems). Vorwerk always seeks direct contact with its customers and achieves this primarily through its advisors, who are at the center of the company's sales activities and serve as a central point of contact for the customer. The Vorwerk family also includes the akf group. Vorwerk generates consolidated sales of EUR 3.2 billion (2023) and operates in more than 61 countries.
ABOUT THE MIX AUSTRALIA
When Grace Mazur started The Mix in Australia in 2001, she did so with the unwavering belief that she was sharing something truly incredible - in both the appliance and the business opportunity. Her passion was so genuine and so heartfelt, it was infectious. It's that contagious energy, shared by our field, staff and customers, that has fuelled the business to become the number one ranked direct selling company in Australia by revenue.
Contact Information
Stefan Watzinger
Managing Director
s.watzinger@impact.ag
+49 (0) 69 955264-23
Michael Weber
Vice President Corporate Communications
presse@vorwerk.de
+49 (0) 202 564 1247
SOURCE: Vorwerk SE & Co. KG
View the original press release on newswire.com.
