Tyman’s strategy of Focus, Define, Grow will strengthen the Group and further enhance our portfolio of world class brands and differentiated products to deliver meaningful value to our stakeholders. Our strategy is underpinned by three sustainability pillars – Sustainable operations, Sustainable culture and Sustainable solutions.
Focus
The Focus strategic pillar reflects actions to streamline and strengthen what we have, thereby laying the foundations for sustainable, profitable growth. These activities are fundamentally about simplifying the business and driving margin expansion.
Define
The Define strategic pillar centres on building cultural cohesion across the Group to facilitate ongoing synergy extraction. There are three sub-pillars to this: establishing ‘One Tyman’, developing the 'Tyman Excellence System' and creating a sustainable culture.
Grow
The Grow strategic pillar in the near term is focused on delivering sustainable organic share gain, through executing well in serving our customers, developing and launching new products and expanding our existing channels to market. In addition, we will seek to unlock the cross-leverage potential inherent in our portfolio. In the mid-term, we will seek to supplement our organic activities with M&A to better balance our geographic mix and strengthen our portfolio. We continue to believe that Tyman is the natural consolidator in a fragmented market.
Sustainable operations
Our ambition is to transform our health, safety and environmental performance through operational excellence.
Sustainable culture
Our ambition is to be recognised as an employer that people want to work for. A sustainable culture is one that is built on foundations of inclusivity and integrity, engages our people, grows our talent through life-long learning, and creates value for our communities.
Sustainable solutions
Our ambition is to offer more innovative products and services to help our customers reach net zero, promote circularity and create safer, more inclusive communities.
Strategic outcomes
Expand operating margin through driving efficiency in operations
Consistently deliver profitable revenue growth
Provide a safe working environment and develop engaged, high-performing teams
Protect the natural world and build more inclusive communities