Wayne Sidwell, CEO of Wellcom says, “Although the joint venture will not continue in its current form, we have enjoyed and continue to enjoy a great relationship with Australia Post.”

Sidwell adds that while he expects the re-organisation to have an impact on the financial result for 2012, Wellcom continues to have a strong pipeline of significant new business wins, which include: Masters Hardware, where a new production hub has been established, AMP (NZ), Citibank, BT Financial Group and Sigma Pharmaceuticals.

Commenting on a yet to be announced overseas deal, Sidwell says, “Wellcom Group is now undertaking active negotiations, and commencing due diligence on an acquisition of an overseas company.”

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