SYDNEY, AUSTRALIA: SRG Global Ltd (ASX: SRG) has acquired Bartek, an engineered products business based in Queensland for $2.6 million. This strategic acquisition is structured as an asset purchase transaction and is effective from 1 December 2022.
Bartek has over 20 years’ experience in the Engineered Products Segment with significant expertise in the supply of engineered couplers, precast ferrules, starter bars, threaded anchors and rebar threading services. It currently services a diverse range of clients across Australia and New Zealand.
The acquisition of Bartek will significantly expand the current product range of SRG Global’s Engineered Products business and will enhance SRG Global’s position as a leading rebar coupler supplier to the infrastructure and building sectors.
The acquisition will also deliver improved purchasing arrangements through direct supply from long term international suppliers.
David Macgeorge, Managing Director of SRG, commented, “The acquisition of Bartek aligns with our strategic objective to expand our Engineered Products business both domestically and internationally. I am particularly pleased that under SRG Global ownership, we will be able to leverage the Bartek product offering and well-established international supply chain to continue to grow SRG Global’s Engineered Products business and deliver against a key element of the Leadership Phase of our Strategy.”
SRG Global is a diversified industrial services company bringing an engineering mindset to deliver critical services for major industry across the entire asset lifecycle of engineer, construct and sustain. The Company has over 2,600 employees across three operating segments of Asset Maintenance, Mining Services and Engineering & Construction.