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| Masters China Limited - A New Subsidiary 28th November 2008 |
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Will Price, Managing Director of Masters London, announces today the incorporation of a new subsidiary Masters China Limited, a Chinese domicile company. Will Price commented “This represents the final stages of Master’s plan to create a sourcing and warehouse operation, based in Ningbo China. Masters China will be able to distribute world wide from stock giving the office products industry major advantages in terms of inventory management and shipping logistics, as well as greater flexibility in selecting and controlling manufacturer relationships”. “This is a real breakthrough in both supply chain efficiency and margin enhancement for our Global Office Products partners. Masters China will simplify the supply chain, improve inventory management and enhance selection – whilst removing the challenges of factory direct relationships” says Derek Rogers, Director, Masters Group International, Inc. “Furthermore it demonstrates Masters’ commitment to finding innovative solutions attuned to our customer needs and the evolving market conditions“. In addition Will Price has announced with immediate effect promotion to the Masters London board for both James Mead as Sales & Marketing Director and Paul Mellowship as Operations Director. James, well known throughout the industry following a highly successful career with Sealed Air, joined Masters earlier this year. Paul Mellowship joined the company in 2005 as inventory manager progressing to this new appointment via senior roles in logistics, purchasing and general management. Curt Howell, Masters Group International, Inc. CEO says,” I am delighted to welcome two such talented and committed individuals, with proven track records, to the Masters London board. Along with Will Price, James and Paul will ensure Masters London has the management depth, expertise and enthusiasm to deliver on our exciting European growth opportunities and to spearhead the launch of the Masters China venture”. |
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