SYDNEY, AUSTRALIA: Capral (ASX:CAA), a leading aluminum solutions provider, has announced the acquisition of Apple Aluminium, a Brisbane-based company known for its exceptional customer service and expertise in industrial light fabrication and CNC machinery. The strategic move aims to strengthen Capral’s market presence and enhance operational capabilities.
Capral’s decision to acquire Apple Aluminium aligns with its growth strategy, emphasizing targeted acquisitions and strategic investments. Despite its relatively modest annual sales of approximately $12 million, Apple Aluminium’s reputation and established market position make it an attractive addition to Capral’s portfolio.
Tony Dragicevich, Capral Aluminium CEO and Managing Director expressed enthusiasm for the acquisition, stating, “This acquisition represents a strategic move to expand our market presence and strengthen our operational capabilities in Brisbane. Apple Aluminium has built a strong reputation for quality and service, values that parallel Capral’s. This acquisition aligns with Capral’s long-term strategy of growth through strategic acquisitions and continuous improvement. We look forward to working with the experienced Apple Aluminium team as we transition the business into our distribution network.”
Founded in 1983 by Frank McLean, Apple Aluminium has built a loyal customer base in Brisbane. Its commitment to exceptional service has allowed it to thrive across multiple industries. By integrating Apple Aluminium into its distribution network, Capral aims to enhance service offerings for customers, employees, and stakeholders.
Capral plans to leverage Apple Aluminium’s skilled workforce, strong customer relationships, and market expertise. The acquisition is expected to yield synergies, resulting in improved logistics, prefabrication services, and enhanced customer support for local manufacturers.
Subject to completion conditions, the acquisition is scheduled to finalize in late July 2024.