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Big River Industries Ltd. ( (AU:BRI) ) has provided an update.
Big River Industries Ltd has announced its acquisition of John’s Building Supplies, a well-established Western Australian building materials supplier, for up to $17 million. This strategic move is expected to enhance Big River’s market position in Western Australia and is projected to be earnings accretive from the outset. To partially fund the acquisition, Big River is launching a $10 million renounceable entitlement offer, with the remainder funded through existing debt facilities and cash. The acquisition is set to close around mid-December 2025, subject to customary conditions.
The most recent analyst rating on (AU:BRI) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Big River Industries Ltd. stock, see the AU:BRI Stock Forecast page.
More about Big River Industries Ltd.
Big River Industries Ltd is a company focused on the trade segment within the building materials industry, offering products such as structural timber, engineered wood, cladding, lining, and fit-out materials. The company aims to strengthen its market presence in key growth regions, particularly Western Australia.
Average Trading Volume: 80,904
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$111M
Learn more about BRI stock on TipRanks’ Stock Analysis page.