Latest Building Supplies News

Big River Industries Ltd (ASX, BRI) is set to acquire John’s Building Supplies, a leading Western Australian distributor, in a $17 million deal that promises immediate earnings accretion and strategic growth in the WA market.

Big River Industries is set to acquire John’s Building Supplies for up to $17 million, backed by a fully underwritten $10 million entitlement offer to fund the deal. This move strengthens Big River’s presence in Western Australia’s growing building materials market.

Stealth Group Holdings has secured $19.5 million through a share placement to strengthen its balance sheet, reduce debt, and fund the integration of Hardware and Building Traders (HBT) alongside its wholesale distribution expansion.

Vitrafy Life Sciences reported strong FY25 progress with 75% sales growth, advanced cryopreservation technology development, and a robust cash position. The company outlines a clear commercialisation roadmap for FY26, including product launches and expanded U.S. operations.

Metcash Limited reported solid FY25 financial results with revenue growth and market share gains across key pillars, underpinned by strategic acquisitions and operational improvements. The company enters FY26 with positive momentum and ongoing transformation initiatives.

BauMart Holdings Limited has announced a rights issue to raise approximately $482,000 by offering new shares at a steep discount, aiming to accelerate equipment delivery, fund R&D, and support international recruitment.

Big River Industries reported a significant $17 million loss for the half-year ending December 2024, driven by a $20 million non-cash impairment charge and a 3.3% revenue decline. The company also announced a reduced fully franked interim dividend of 2 cents per share.

AML3D has delivered Copper-Nickel components for the U.S. Navy’s Virginia-Class submarine program in under five weeks, a dramatic reduction from traditional manufacturing timelines, reinforcing Australia’s role in the AUKUS defense supply chain.