Stealth Group acquires Hardware & Building Traders in A$22 million deal; Upgrades FY28 guidance
SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…