Saunders International Limited's Acquisition of Piping Solutions

Saunders International Limited (ASX: $SND) has announced its acquisition of the business and operations of Piping Solutions, forming the entity Saunders Piping Solutions Pty Limited, effective from 31 October 2023. The Appendix 4E report for the financial year ended 30 June 2024 does not include a dividend reinvestment plan for the FY24 Final Dividend.

Executive Commentary on Acquisition

We are pleased to announce the successful acquisition of Piping Solutions, which aligns with our strategic growth objectives. This acquisition enhances our capabilities and expands our service offerings, positioning us for continued success in the market.

Summary of Saunders International's Acquisition

Saunders International Limited (ASX: $SND) has acquired the business and operations of Piping Solutions, establishing Saunders Piping Solutions Pty Limited. The company's Appendix 4E report for the financial year ended 30 June 2024 indicates the absence of a dividend reinvestment plan for the FY24 Final Dividend. The acquisition reflects Saunders International's commitment to strategic expansion and diversification, aiming to strengthen its position in the industry. Looking ahead, the company is focused on leveraging the synergies from this acquisition to drive growth and deliver value to its stakeholders.