The Borg Group - Programmed Timber

WA-55043

Workplace Industry Training Pty Ltd (**Workplace Industry Training**) and Safe Urban Pty Ltd (**Safe Urban**), who are both members of the Borg Group, propose to acquire 100% of the business assets and property of Programmed Timber, which is structured as two interdependent transactions as follows: * the acquisition of the business assets of Programmed Timber by Workplace Industry Training, including intellectual property, employees, inventory and business names, and * the acquisition of the freehold title of the land, and associated building fixtures, on which Programmed Timber's operations are conducted by Space Urban. (the **Acquisition**) Workplace Industry Training is currently a dormant entity, and historically provided external training services. Space Urban are specialists in design, property development, environmental planning and approvals, and property management. Other members of the Borg Group that are active in the timber industry are: * Direct Pallets Pty Ltd: manufactures and supplies new and refurbished timber pallets and packaging for use by manufacturers and distributors to transport their products. Its primary manufacturing operation is in Oberon, NSW. * Porta Products Pty Ltd (**Porta**): operates a softwood sawmill at Bombala, NSW. Porta manufactures and supplies structural framing timber and related products. Programmed Timber is a re-processor of timber products, manufacturing and supplying timber components, including: * bed slats and furniture components, * shorter frame and truss components (e.g. noggins, junction blocks, battens and lintels) for residential construction, * shorter structural framing timber, and * pallet and packaging components. Programmed Timber's customers are primarily located in NSW and Victoria.