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Stealth Group Holdings Ltd (ASX:SGI)

ALERT: Price-sensitive ASX Announcement for SGI
Current share price for SGI : $1.180 0.485 (69.78%)+
Announcement
Release
10 Nov 2025 9:49AM
Price at Release
$0.695
Full Release
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Summary
Stealth Group Holdings Ltd (ASX: SGI) announced the acquisition of Hardware & Building Traders Pty Ltd (HBT), Australia's largest privately owned national buying group for the hardware and industrial sector, for $22 million. This acquisition positions Stealth as a leading alternative to major players like Wesfarmers and Metcash by creating a high-barrier, national distribution platform in a $93 billion fragmented market. The integration of HBT will expand Stealth's operations to over 1,200 locations with $800 million in annual purchases, targeting $500+ million in sales by FY28. This strategic move aims to enhance earnings, margin growth, and shareholder value, utilizing a capital-light, scalable distribution model.
Key Points
  • Acquisition of Hardware & Building Traders Pty Ltd for $22 million
  • Positions Stealth as a market-leading alternative to Wesfarmers and Metcash
  • Integration expands operations to over 1,200 locations
  • $800 million in annual purchases reflecting $1.3 billion at retail sales level
  • Targets $500+ million in sales and 8%-12% EBITDA by FY28
  • Capital-light and scalable distribution model
  • Enhanced earnings and margin growth
  • Completion scheduled for 10 November 2025
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.