Reece Group in $1.9b purchase of US firm MORSCO Inc
afr.com · 114 words · saved by 1 readers
Reece CEO Peter Wilson says the company has done its "homework'' on the $1.9 billion buyout of MORSCO in the US.
Updated May 7, 2018 – 8.00pm, first published at 8.21am The chief executive of Australia's largest plumbing and bathroom products company, ASX-listed Reece Group, says the $1.9 billion acquisition of MORSCO in the US is a "transformational opportunity" that will drive returns for the next generation of shareholders. Reece on Monday announced that it would acquire MORSCO, which operates 171 commercial and residential plumbing showrooms across 16 states in the southern parts of the US, in a deal that will double the size of the normally conservative Melbourne-based company. Subscribe to…
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