trending Market Intelligence /marketintelligence/en/news-insights/trending/Ud258GkiXX9eQEk53wQiiA2 content esgSubNav
In This List

Wesfarmers' Bunnings to buy Adelaide Tools

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity

Blog

2023 Big Picture: US Consumer Survey Results

Blog

Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise


Wesfarmers' Bunnings to buy Adelaide Tools

Australian home improvement retailer Bunnings Group Ltd. agreed to acquire hardware specialty store Adelaide Tools for an undisclosed amount, according to an Oct. 11 announcement.

Adelaide Tools is based in South Australia and specializes in do-it-yourself and trade devices.

"The acquisition ... will allow us to improve the way we connect, serve and engage with trade customers and is aligned with our strategy to accelerate the growth of the trade business," Bunnings Managing Director Mike Schneider said.

Adelaide Tools will continue to operate as a separate business upon closing of the deal and give Bunnings insight into the dynamics of the trade specialist market, Schneider said.

The transaction is subject to regulatory approval.

Bunnings is a wholly owned subsidiary of Wesfarmers Ltd.