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INDUSTRIAL | Construction / General Building Materials
beaumont-tiles.com.au

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Founded Year

1960

Stage

Acquired | Acquired

About Beaumont Tiles

Beaumont Tiles provides tiles & bathroom products to suit all styles & budgets.On April 28th, 2021 Beaumont Tiles was acquired by Bunnings. Terms of the transaction were not disclosed.

Beaumont Tiles Headquarter Location

225 Marion Road

Marleston, South Australia, 5033,

Australia

Latest Beaumont Tiles News

Bunnings buyout of Beaumont Tiles given green light

Sep 30, 2021

Share Bunnings has been given the green light by the Australian Competition and Consumer Commission for the purchase of tile retailer Beaumont Tiles, but the competition regulator says it will be closely scrutinising any further acquisitions by the hardware giant in specialist retailer categories. Bunnings, owned by ASX-listed Wesfarmers, announced the acquisition on April 28 and managing director Mike Schneider has promised to run Beaumont Tiles as a stand-alone operation. There are 115 Beaumont Tiles outlets nationwide. He said on Thursday the tile category offered strong growth prospects in a buoyant home renovations market. But the chairman of the competition regulator Rod Sims said he would be closely scrutinising Bunnings on any future acquisitions in other specialist retailing categories. Mr Sims said in this instance it was not a case of a close competitor acquiring its rival. “At first glance, Bunnings taking over a major tile retailer appears concerning, but our investigation found that Bunnings is not a strong competitor in tile sales,” Mr Sims said. Bunnings will run Beaumont Tiles as a stand-alone business. Beaumont Tiles has 115 stores around the nation. Advertisement But he emphasised that the decision to allow this deal is based on the specific circumstances and “should not be read as any indication that the ACCC will reach the same conclusion in relation to future possible acquisitions by Bunnings.” “Any future expansion by Bunnings into more specialist retailing categories through acquisition of existing competitors will be very carefully considered by the ACCC,” Mr Sims said. The ACCC examination of the tile industry found that specialist tile retailers compete much more closely with each other than with Bunnings. Bunnings’ Mr Schneider said on Thursday the Beaumont Tiles head office would remain in Adelaide. “Beaumont Tiles is a well-run business that operates in a large, competitive category that has strong growth prospects,” Mr Schneider said. “The acquisition represents an opportunity to build on the success of the Beaumont Tiles business and invest in its future growth”. Bunnings operates 380 hardware outlets, most of them in the “big box” warehouse format. Beaumont Tiles had been owned by the Beaumont family for 61 years. The Beaumont business began in 1960 when Bob Beaumont’s father started selling tiles to builders from a garage next to the family home in Adelaide. Bunnings went through an arduous regulatory process for a previous acquisition of a stand-alone business in South Australia called Adelaide Tools, which it is now rebranding as Tool Kit Depot. Bunnings finally gained approval for the bolt-on acquisition in 2020. Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter . Email Simon at simon.evans@afr.com Save

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