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Coventry Group Acquires Steelmasters Group
![Coventry_Acquires_Steelmasters_8876_0.png Coventry_Acquires_Steelmasters_8876_0.png](../../data/article/Coventry_Acquires_Steelmasters_8876_0.png)
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2024-08-22
Steelmasters Group is a leading Australasian supplier and manufacturer of industrial and speciality fasteners through its network of 12 branches (four in New Zealand and eight in Australia) with its head office in Auckland, New Zealand.
Coventry Group Ltd announced the completion of the acquisition of SteelMasters Auckland Limited for AUD42.1 million on May 1. The acquisition will:
• Increase Coventry Group’s customer base and industry exposure;
• Broaden the trade distribution segment's scale and reach through an additional 12 locations (8 in Australia and 4 in New Zealand);
• Expand the specialized fastener product range and add manufacturing capability.
Coventry Group will operate Steelmasters Group as a separate division of trade distribution to minimize integration risk and the division will continue to be run by Steelmasters Group’s existing management team.
Coventry集團
Steelmasters集團
併購
澳洲
紐西蘭
工業扣件
特殊扣件
acquisition
Australia
New Zealand
Australasia
industrial fastener
speciality fastener
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FASTENER FAIR INDIA
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FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
FASTENER FAIR GLOBAL
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