Bunnings has finalised its buyout of Beaumont Tiles ending the 61 year old family business under the direction of Executive Chairman, Bob Beaumont.
Beaumont will continue to trade as a separate, distinct business and the acquisition aims to help Bunnings focus on its building and flooring trade customers who will benefit from the brand’s knowledge and range.
The ACCC approved the buyout as Bunnings doesn’t compete in the tiling market so it wasn’t seen as an attempt to monopolize the market, but rather to enter it.
