Reliance Worldwide Corporation Limited has entered into an agreement to acquire the Holman Industries business for A$160 million1 (US$105 million). The price reflects a 7.0 times multiple of Holman’s LTM EBITDA2 before synergies. The business is being acquired from interests associated with Holman’s founder Walter (Wally) Edwards.
Galvin Engineering and RMC Reliance Valves (RMC), two iconic Australian manufacturers with a rich legacy in the Australian Plumbing industry, are delighted to announce their partnership and in doing so, introduce the new Lead Safe™ CliniMix® Healthcare Thermostatic Mixing Valves (TMV).
Reliance Worldwide Corporation Limited has today provided a trading update for the nine months ended 31 March 20231.