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Deals appetite boosts hot M&A environment

Deals appetite boosts hot M&A environment Share Chief executives are hungry to grow through acquisitions, taking advantage of rivals that have faltered through the pandemic, and extending the record levels of deal activity sweeping the globe. Some of Australia’s largest companies are considering further deal-making to leverage off their own plump equity valuations and balance sheets that have made it through the coronavirus shock in better-than-expected health. CEO Rob Scott: “When cost prices go up, Wesfarmers’ businesses do everything they can to keep prices down because that’s what our customers depend on us for.” Bloomberg The broad-based sentiment is the latest sign of an active deals environment in Australia that has drawn heightened competition from investment banks and partly reflects the effects of cheap debt with interest rates at rock-bottom levels.

United kingdomSouth australiaAnthony scaliNick scaliCraig mcnallyRamsay health careAdelaide toolsBeaumont tilesWestern australiaReliance worldwideஒன்றுபட்டது கிஂக்டம்தெற்கு ஆஸ்திரேலியாஅந்தோணி ஸ்காலிநிக் ஸ்காலிகிரேக் ம்க்நல்லிராம்சே ஆரோக்கியம் பராமரிப்பு

Family-run Beaumont Tiles franchise acquired by Bunnings

Hardware giant Bunnings has acquired the 61-year-old family-run tile and bathroomware franchise Beaumont Tiles. In a statement on Thursday, Bunnings announced it was “pleased” to enter an agreement to buy the tile retailer, noting the acquisition depends on regulatory approval. Beaumont Tiles is Australia’s largest tile retailer, with 115 outlets distributing across Australia as part of its network of franchises. If the acquisition gets a green light from the Australian Competition and Consumer Commission (ACCC), the tile franchise will remain “separate and distinct” to Bunnings. Bob Beaumont, executive chair of Beaumont Tiles, said he was happy to have found an Australian company that could take over the business “in a way which would look after staff, franchisees, the culture and its future”.

New zealandSouth australiaBob beaumontMike schneiderConsumer commissionAustralian competitionBeaumont tilesAdelaide toolsபுதியது ஜீலாந்துதெற்கு ஆஸ்திரேலியாபாப் பியூமான்ட்மைக் ஶ்நைடர்நுகர்வோர் தரகுஆஸ்திரேலிய போட்டிபியூமான்ட் ஓடுகள்

Hardware giant Bunnings buys Beaumont Tiles

Hardware giant Bunnings buys Beaumont Tiles Save Share Bunnings managing director Mike Schneider said the group would run Beaumont Tiles as a standalone business, separate to its chain of Bunnings stores nationwide. Beaumont Tiles has 115 retail stores around Australia and also runs large distribution centres in Sydney, Melbourne, Brisbane and Adelaide. Bunnings operates 380 hardware outlets, most of them in the âbig boxâ warehouse format, and will need approval from the Australian Competition and Consumer Commission (ACCC) for the acquisition. Bunnings has a substantial range of tiles in its own stores. âThe acquisition represents an opportunity to build on the success of the Beaumont Tiles business and invest in its future growth,â Mr Schneider said.

South australiaBob beaumontDanny caseyBeaumont tilesAdelaide toolsதெற்கு ஆஸ்திரேலியாபாப் பியூமான்ட்டேனி வழக்குபியூமான்ட் ஓடுகள்

Bunnings set to buy Beaumont Tiles

Bunnings set to buy Beaumont Tiles
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South australiaBob beaumontDanny caseyMike schneiderBeaumont tilesAdelaide toolsWestern australiaதெற்கு ஆஸ்திரேலியாபாப் பியூமான்ட்டேனி வழக்குமைக் ஶ்நைடர்பியூமான்ட் ஓடுகள்மேற்கு ஆஸ்திரேலியா

Bunnings set to buy Beaumont Tiles

Bunnings set to buy Beaumont Tiles
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