Why has this change taken place?
Mapei New Zealand’s parent company has undertaken a review of the group’s operations and has decided to restructure its New Zealand business. As a result, MBP (NZ) Ltd, a new Mapei group company which sits under Mapei’s Asia Pacific division, will be the new sole distributor in New Zealand. This decision has been taken by Mapei SpA to align with changes to the business within the Asia Pacific region.
How does this affect invoice payment?
As MBP (NZ) Ltd. is a new and completely separate legal entity to Mapei New Zealand, you will need to update your records so that from 1 January 2021 you make payments to MBP (NZ) Ltd. and not Mapei New Zealand. You will also need to sign new contracts with MBP (NZ) Ltd.
How will it affect warranties?
Mapei SpA will be focused on preserving its brand and reputation with its customers. MBP (NZ) Ltd., on behalf of Mapei, will be available to provide any ongoing Mapei product support you may need. Any warranty claims in relation to products supplied by Mapei New Zealand should continue to be made through Mapei New Zealand.
What will happen with credit accounts?
These have been purchased by MBP (NZ) Limited. From 1 January 2021, all outstanding balances should be paid to MBP (NZ) Limited as they fall due.
Will this affect product pricing?
No this will not affect product pricing. Pricing will be reviewed in March/April of 2021 in line with the standard annual price review.
Who are outstanding invoices paid to?
From 1 January 2021, all outstanding monies owed to Mapei New Zealand are to be paid to MBP (NZ) Ltd.
What will happen to Mapei New Zealand?
Mapei New Zealand will be a dormant company once the sales process to MBP (NZ) Limited is completed.
Is MAPEI doing this because the New Zealand business is not profitable?
No, the decision to restructure Mapei’s New Zealand operations is not based on profitability. Mapei has considered all relevant factors and has determined that the restructure of its New Zealand operations is in the best interests of all affected stakeholders. Under the revised governance structure, MBP will report into Mapei’s Asia Pacific division which will enable MBP to collaborate with Mapei’s other distributors within the Asia Pacific region and be more responsive to the New Zealand market.
Is this the first step toward MAPEI closing its business in New Zealand?
No, Mapei has no intention to exit the New Zealand market. In fact, MBP has been established to ensure the ongoing success of Mapei’s New Zealand operations.
Why should I ‘invest’ my time and resources in MBP NZ?
The Mapei Group has an established history in New Zealand, and your relationship and business with Mapei is important to us. This restructuring is an administrative change only and you should expect to deal with the same people, and receive the same products and services as you have always done.
For more questions and comments
Please direct to enquiries@MBPLtd.co.nz