We are delighted to have acted for the Lansell family on the sale of LCL Pty Ltd, one of Australia’s largest suppliers of quality Australian-made brass rod for the plumbing and building sector to Reliance Worldwide Corporation Limited (RWC). The transaction completed in early August 2021.

Reliance is a significant and long-term customer of LCL Pty Ltd. In a statement to the media, Reliance CEO, Heath Sharp, said that “this acquisition will secure control of a critical piece of our manufacturing supply chain”.

“The sale comes at a pivotal point in time. Renovations, home improvements and home construction have all trended strongly upwards over the last 18 months,” said Peter Thornely, Partner at Grant Thornton Australia.

“We are delighted for both LCL and Reliance. Both have their origins in Melbourne and are premium manufacturers in the global market. This is a natural fit and a wonderful outcome for the family and employees at LCL,” finished Peter Thornely.

 

For more information please contact:

Peter Thornely
Partner - Financial Advisory
Grant Thornton Australia

T: +61 3 8663 6229
E: peter.thornely@au.gt.com

Stefan Zervides
Manager - Financial Advisory
Grant Thornton Australia

T: +61 3 8663 6373
E: stefan.zervides@au.gt.com

 

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