Nylex (NLX)

Shares / Stock Code

NLX

Stock Exchange / Sharemarket

ax

Nylex (NLX) is in the business of manufacturing and distribution of a range of branded plastic and automotive products. NLX listed on the Australian Stock Exchange on October 9, 1987. The Company is organised into three business divisions: Lifestyle, Solutions and Automotive. The Lifestyle division trades in branded products, such as Nylex, Esky, Gardena, Ajax Fasteners, Senco, Melded, Colorino and Frontrunner and it includes Nylex Consumer Products (Australia and New Zealand), Melded Fabrics and Nylex Films & Fabrics. Nylex Consumer Products is engaged in the supply of diverse range of garden and hardware products to the Hardware and Home Improvement markets. Solutions division delivers plastic based solutions which consist of water tanks, garbage bins, communication pits and plastic containment solutions. Nylex Water Solutions business capitalises on the increasing need for water conservation. Automotive division focuses on the supply of plastic based products and interior carpets to the car manufacturers along with their suppliers, including fuel tanks and it is comprised of Nylex Fuel Tanks Systems, Kennon (Automotive Trim) and Exacto.

Nylex History

The Company listed in Hobart on second board in 1987 under the name Austrim. In 1990, it acquired the 50% interest in BWAC. The company followed a strategy to grow through acquisitions, starting with AH Plant Hire in 1996. Later the Company also entered into the textiles, automotive industry. Some of the acquisitions of the Company include Nylex Polymer Products, Nylex Packaging and Nylex Rotomould in 1998, and Malco Truck and Trailer Parts and Engineered Automotive and Industrial Polymers in 1999. In 1999, the Company changed its name from Austrim Limited to Austrim Nylex Limited. In 2001, the company underwent a restructuring phase and divested Scientific Devices. It divested its textiles division in 2002. In 2004, Austrim Nylex (ARL) changed its name to Nylex (NLX) and divested several of its businesses in the Automotive Division. It acquired the business of Australian Rotomoulding Industries Plastank Pty Limited in 2004.