Reliance Worldwide Corporation Limited (ASX:RWC) agreed to acquire Holman Industries Pty. Ltd. for AUD 160 million on February 13, 2024. The consideration consists of AUD 160 million in cash. As part of the consideration, AUD 160 million was paid towards common equity. The acquisition will be debt funded utilizing RWC's existing committed borrowing facilities. Holman Industries Pty. Ltd reported revenue of AUD 192 million and EBITDA of AUD 22.9 million in 12 months ended December 31, 2023. Holman's founder Wally Edwards has agreed to remain with business for two years following completion of acquisition. Completion subject to conditions precedent and customary conditions is expected to occur in early March 2024. The acquisition shall be EPS and ROCE accretive from first full year of ownership.

Reliance Worldwide Corporation Limited (ASX:RWC) completed the acquisition of Holman Industries Pty. Ltd. on March 1, 2024.