Business Overview
Reece Limited (REH) is primarily a supplier of plumbing and bathroom products, but over the years has expanded into adjacent industries including heating, ventilation, waterworks, air conditioning and refrigeration products.
The business has grown organically and through M&A, reaching sales of c.$5.5bn in FY19 from over 800 branches across Australia, New Zealand and more recently the US. Acquisitions have been a key part of REH’s strategy, firstly to expand domestically outside of its home state of Victoria, and into adjacent industries, and then internationally to New Zealand and the US.
REH recently raised