SYDNEY, AUSTRALIA: Reliance Worldwide Corporation (RWC), a global leader in plumbing and heating products, has released its guidance for the financial year 2024 (FY24), indicating a decline in revenues and operating margins due to lower demand and cost pressures. RWC said that its exposure to the repair and maintenance sector, which is less cyclical than…
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RWC acquires Holman Industries for A$160 million
SYDNEY, AUSTRALIA: Reliance Worldwide Corporation Limited (RWC), a global leader in plumbing solutions, has announced the acquisition of Holman Industries, a leading manufacturer and distributor of plumbing and watering products in Australia, for A$160 million (US$105 million). According to the business announcement, the deal, which reflects a 7.0 times multiple of Holman’s last twelve months…