PORT COQUITLAM, British Columbia (BRAIN)—Norco and Pacific Brands have reached an exclusive distribution agreement for the Australia and New Zealand markets starting with the 2010 season.
Under the terms of the agreement, Pacific Brands will assume the distribution of Norco Performance bikes and Norco's Proprietary brands including Axiom, Adams, Mace, Bike Guard, Stealth and BLT.
Jim Harman, chief executive officer of Norco said, "The new alignment with Pacific Brands was a difficult decision, but one we felt necessary to allow us to position our total proprietary offering into Australia. On behalf of Norco Products, I would like to thank the management and staff of Sportz Australasia for their tremendous support, as they have played an important role over the last 10 years."
The Norco distribution plan will remain as is with Sportz Australasia for the remainder of the 2009 season. Additional information on the timing of the change in distribution will be communicated in the following weeks.
Skip Swain Norco's vice president of sales said, "The team at Norco is excited to partner with Pacific Brands to distribute our complete bike and P & A brand offering for both the Australia and New Zealand markets. We will work very closely with Pacific Brands to ensure a seamless supply of product and the highest level of customer service."
Pacific Brands, founded in 1985, is the leading supplier to the IBD market in Australia and New Zealand and has a long term and proven track record of supplying and supporting world class brands.
"The team at Pacific brands is extremely excited to be given the opportunity to distribute Norco bikes and its strong stable of brands in Australia and New Zealand," said Steve Paraskevas, Pacific Brands general manager. "We look forward to working with the team at Norco to ensure a smooth transition over the coming months leading to a new season launch."