Mr Ronald James Kyle acquires a car dealership from a liquidator and Coventry Motor Replacements is born.
1929 - 1965
The business prospers.
Appointed both Ford and Holden products distributor.
Acquires Raphaels Pty Ltd in 1958.
Grows to 6 branches in WA with 450 people.
Listed on the ASX
1966 - 1983
Acquires a number of businesses:
1972 – Industrial Sales Holdings
1975 – West Coast Automatics
1977 – Motor Traders in SA (first interstate expansion)
1984 - 2000
Numerous acquisitons including diversification into a number of Fasteners businesses and Cooper Fluid Systems.
Establishment of Coventry Auto Parts (CAP) in 1998.
By 1999 the Group has 1,900 people.
2001 - 2006
Group revenue reaches $500m.
Losses occur in CAP business.
2007 - 2016
Sales of automotive divisions.
Period of declining sales in remaining businesses.
New senior management team.
Sale of AA Gaskets.
Konnect Fastening Systems Australia strategy reset.
2018 & Beyond
Highly focused board and management team.
Business is focused on two verticals with key competitive advantages.
Aggressively look to implement turnaround and drive profitable growth.