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Peter Teakle, Collotype Labels chairman, has won the Services category in the Ernst & Young Entrepreneur Of TheYear Awards (Central Region). Teakle was one of six of South Australians to be so honoured on August 12 at the Adelaide Convention Centre.When he purchased label design and production company, Colloytpe Labels in 1986, the company employed just 50 staff and had annual sales of $3m.
Under Teakle’s direction however, growth has been exponential and the company has annual turnover over of $73m and employs 338 staff around the world.
A market leader in its field of wine and beverage labels, Collotype lays claim to 55 per cent of the Australian market as well as servicing markets in New Zealand, Chile, the United States and South Africa.
Tony Smith, Ernst & Young South Australian managing partner, said the quality of entrants in the Young Entrepreneur Of The Year Awards was outstanding.
Teakle and the other five Central Region winners will now go on to compete against the winners from four other regions, Southern, (Tasmania and Victoria), Western (Western Australia), Northern (Queensland) and Eastern (New South Wales and Australian Capital Territory), for the Australian national title on December 2.
The national winner will represent Australia at the Ernst & Young World Entrepreneur Of The Year Awards in Monte Carlo in 2005.