Tuesday, 30th September 2014
Husqvarna AB (OM:HUSQ B) has acquired Neta Industries Pty Ltd, a leading supplier of garden watering tools and accessories. The acquisition has been completed as September 2014.
Neta Industries is a heritage Australian brand with a 60 year history of providing quality garden watering accessories into the Australian retail market. The Neta brand of products has strong distribution Australia wide with over 1,000 customers stocking the Neta range of hoses, fittings and accessories. Husqvarna’s acquisition of Neta will complement the company’s existing range of garden supplies which are marketed under the Gardena brand.
Antony Lynch, Director at M&A Partners said, “Neta is a strong strategic fit within the Husqvarna business. With strong integration synergies between the two companies, it will be great to see a strong Australian brand continue to flourish in the future”
M&A Partners is an independent corporate advisory and investment firm based in Melbourne, Australia. M&A Partners is focused on providing independent corporate advice specifically around mergers and acquisitions, as well as assisting businesses in identifying target acquisitions.
For further enquiries, please contact Antony Lynch (+61 419 919 722) or Aaron Rezek (+61 414 278 517).