JAT executes strategic Mirotone acquisition roadmap with Australian re-entry

Within seven months of completing the acquisition of Mirotone NZ Limited, JAT Holdings PLC has commenced the brand’s re-entry into Australia through its subsidiary, Mirotone Australia Pty Ltd. The milestone marks an early step in converting the growth plan presented to investors at the time of the transaction into commercial execution and reinforces the Group’s focus on disciplined post-acquisition delivery. JAT completed the acquisition of Mirotone in October 2025, adding a 90-year-old industrial wood coatings brand with deep heritage across the Australasian region to its portfolio. Australia was identified as one of the key growth opportunities for Mirotone, following a period in which the brand had not been actively supplied in the market. Its return to Australia is therefore not a standalone market move, but part of JAT’s broader strategy to restore growth behind its brand equity and create value from the acquisition. The initial phase is focused on Queensland, where several returning Mirotone customers have already been secured, including vertically integrated cabinet makers and contract applicators. Their early engagement provides a clear demand-led basis for the return to Australia and reflects the continuing recognition Mirotone retains among professional users in the market. Nishal Ferdinando, CEO – JAT Holdings PLC, and Mark Poole, General Manager – Mirotone Australia Pty Ltd The move also carries wider significance for JAT’s long-term business resilience. As the Group builds on its existing international revenue base, stronger overseas market performance is expected to support foreign currency revenue generation, strengthen geographic diversification, and continue reducing reliance on any single market. Commenting on the milestone, Nishal Ferdinando, Chief Executive Officer of JAT Holdings PLC, said, “Australia was identified as one of the key opportunities within Mirotone’s growth roadmap, and commencing re-entry within seven months of completing the acquisition reflects the discipline with which we are executing that plan. For a coatings business, long-term value is built on the strength of the brand and the strength of its R&D. Mirotone brings deep brand equity in Australia, while JAT brings the R&D, innovation capability, and operating platform required to convert that equity into sustainable growth. This is an important step in delivering on the strategy we communicated to our investors, as we continue to build a more geographically diversified business with stronger international revenue streams.”(JAT)