Four timber businesses acquired by Big River Group in 2017 helped the company improve supply to the trade segment of the building and construction industry nationwide. These acquisitions in South Australia, Queensland and Australian Capital Territory, have increased the company’s sales and distribution outlets to 13 locations in major population centres of Australia, helping them achieve significant growth in 2017.
Big River’s acquisitions include Adelaide Timber & Building Supplies (ATBS), a diverse building products supplier to the SA market (March 2017); Sabdia Mitre 10 in Brisbane (April 2017); Midcoast Timbers on the Gold Coast (September); and Ern Smith Timber and Hardware in Hume, ACT, which is due to be completed in December.
According to Big River Group Managing Director Jim Bindon, the new businesses increased the Group’s exposure to detached housing and the alterations and additions market, to better balance activities in other sectors. He added that the acquisitions were key purchases within their continued diversification strategy across states and construction segments.
For instance, ATBS’ acquisition allowed Big River to launch MaxiWall, a new, cost-competitive Autoclaved Aerated Concrete (AAC) product, nationally. Previously, the MaxiWall brand was only available in South Australia, where it enjoyed substantial growth and success over several years.
With solid outlooks in the detached housing and commercial construction markets and a sizeable increase in the civil and infrastructure pipeline, together with Big River’s geographic diversity, Bindon expects this success to continue in 2018.
The acquisitions come on top of a successful listing on the ASX under the Company’s parent name, Big River Industries (BRI) in May.
Big River also experienced excellent growth in their manufactured range of premium value-added plywood products, predominantly used in the civil and commercial construction sectors.
“With an operating history of over 100 years, Big River Group has established itself as one of Australia’s leading manufacturers and distributors of timber and building products. This ongoing achievement is a clear reflection of our longstanding presence in the marketplace, strong service culture and technical expertise,” added Bindon.