Big River Industries Acquisition Announcement

Big River Industries (ASX: $BRI) has successfully completed the acquisition of Specialised Laminators, Queensland (SLQ) as of 1st May 2024. SLQ, a well-established business in the Panels category for over 45 years, operates from Crestmead, QLD. This acquisition is expected to enhance Big River's capacity in specialised products, supply, and logistical synergies, further expanding its Panels division.

Executive Commentary on Acquisition

This acquisition marks a significant milestone for Big River Industries as we continue to strengthen our position in the Panels category. The addition of Specialised Laminators will not only expand our capacity but also bring valuable expertise and synergies to our operations. We are excited to welcome the SLQ team to the Big River family and look forward to leveraging their experience to drive further growth and innovation.

Summary of Acquisition and Outlook

Big River Industries' completion of the acquisition of Specialised Laminators signifies a strategic move to enhance its presence in the Panels category. With SLQ's expertise and capacity, Big River aims to further solidify its position in the market and capitalize on logistical synergies. The addition of SLQ aligns with the company's expansion strategy, following previous acquisitions of Revolution Wood Panels and Timberwood Panels. This move reflects Big River's commitment to growth and diversification within the industry, positioning the company for continued success in the future.