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Bunnings Acquires Beaumont Tiles

Beaumont Tiles store

Bunnings is pleased to announce that it has entered into an agreement to acquire Australian hard surfaces retailer, Beaumont Tiles, subject to the satisfaction of a number of conditions, including regulatory approval.  

Bunnings Managing Director, Mike Schneider, said Beaumont Tiles is a well-run business with a proud family history that will remain separate and distinct to Bunnings, as is the case with Adelaide Tools which was acquired by Bunnings in April 2020. 

“The acquisition represents an opportunity to build on the success of the Beaumont Tiles business and invest in its future growth. Beaumont Tiles services both trade and consumer customers and has a specialised product and service capability that is not able to be offered through the Bunnings Warehouse format. 

“Beaumont Tiles has a strong management team in place and operates in a large, competitive category that has the opportunity for strong growth.”  

“We’re looking forward to welcoming the Beaumont Tiles team into the Bunnings family,” Mike said. 

Beaumont Tiles Executive Chairman Bob Beaumont said that he and the board were pleased to have found an Australian company with shared values and a similar culture that could take over Beaumont Tiles in a way which would look after staff, franchisees, the culture and its future. 

“After 53 years dedicated to a business that my dad started in South Australia, it’s time to retire. I knew that it would never be an easy thing to do, and it’s been a tough decision, but the board and I recognised the need for us to make way for a younger team,” Mr Beaumont said. 

“What made the decision easier, was knowing the brand and business we worked so hard to build from scratch would be placed in the best possible position for on-going success and growth and I’m really thrilled at the outcome for Beaumonts. Our family signed a contract to sell the business to Bunnings, as they understand our brand and culture, and will look after our extended Beaumont family including our franchisees and our teams." 

Beaumont Tiles was founded over 60 years ago in Adelaide, and now operates 114 standalone stores, 32 Trade Central branches and six clearance outlets.  It will continue to operate under the family name, in the same way that Adelaide Tools has continued to run as a separate business following its acquisition by Bunnings in early 2020.

Source : Insight DIY Team

Image : Beaumont Tiles Warragul

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29 April 2021

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