/biz/ - Business & Finance

Anonymous Fri May 11 04:13:38 2018 No.9370847 [View]
File: 34 KB, 978x790, 1470738592001.png [View same] [iqdb] [saucenao] [google]

Reece Group (ASX:REH) has acquired privately operated Morsco, based in the US.

Reece has a better working-capital-to-sales ratio, and a better net margin (although the latter is just a function of the poor state of competition in the Australia plumbing products market). Morsco's net margin is about 5.8pc.

Normally I groan when corporate Australia buys overseas businesses, but I think Reece of all firms may pull it off.

What experience do bizrealis have of Morsco and its subsidiaries?

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