Rural, hardware and trade supply business WB Hunter sells for $34.6M
One of regional Victoria’s most successful rural businesses has changed hands.
WB Hunter, a Goulburn Valley rural institution has been purchased by publicly listed Queensland transport and rural merchandise company Lindsay Australia.
WB Hunter was founded by Bill Hunter (deceased), in 1947 and has a steeped history in rural and building supplies ever since. The successful business has been a family run business for three generations.
In an announcement by WB Hunter, chief executive officer, Michael Moroney said “Lindsays currently operate a large freight and rural business predominantly in Queensland. Their staff live and breathe rural and our two businesses will be a good compliment to each other. Like us, Lindsays focus is on forming good relationships with customers and providing quality products and service.”
Mr Moroney added, “we’re really excited to see what Lindsays can bring to our current business. The deal will mean we can keep competing with some of the bigger players in the industry and bring more products and even better pricing to our customers. It will also provide significant growth potential for our store network to help us service more customers in more places. The only thing that has changed in the business is the owner – everything else is ‘business as usual’.”
“All staff and management will remain the same, as will our stores and all the products we sell. We want to assure customers that they will still see the same friendly faces and get the same great service as they always have at any Hunters store,” Michael Moroney said.
