Manufacturing family finds a new frontier
By RENEE REDMOND
JASEN Fabrications in South Lismore sold off anything not bolted down at auction yesterday, attracting about 200 people.
Director Peter Jacobsen said he and his brother, Ian, were closing the 58-year-old business on November 14 to pursue their property development business. The 12,000 square metre Snow Street site was bought by the Gold Coast owned Frizelle Automotive Group.
"They're going to make-over the buildings for sales and service and all the yard space will be used for vehicle display," Peter said. "We've been planning this move for the past 10 years. It didn't happen overnight.
"It's a change of direction, we've been working on property development for the past 20 years, building industrial complexes for lease back."
Peter said his father began the business as a woven wire mattress factory but, after inner-spring mattresses were introduced, the business diversified to suit the market.
"Our most recent development was industrial concrete tilt-ups as well as manufacturing industrial style warehouses," he said.
"Dad started the business with the help of his brother, so we were proud to continue the tradition. We hope to take their success through to the next level of our business.
"There's a certain amount of emotion involved," he said.
Whilst Jasen Fabrications have ceased trading, their staff have gained employment in similar local businesses.
"We attribute our success over the years to the loyal local patronage and the dedication of our staff," Peter said.