Bunnings to buy Beaumont Tiles
Australia’s biggest tile retailer, Beaumont Tiles, has been sold to Bunnings for an undisclosed amount.
Bunnings reported yesterday 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.
The sale comes after the Beaumont family ran the Australian business for over 60 years, with RJ Beaumont initially establishing Beaumont Tiles in 1960, in Adelaide. Since this time the group has grown to 110 locations nationally.
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 are looking forward to welcoming the Beaumont Tiles team into the Bunnings family,” Mr Schneider said.
Beaumont Tiles Executive Chairman, Bob Beaumont said that he and the board were pleased to have found an Australian company that could take over Beaumont Tiles in a way which would look after staff, franchisees and its future.
“After 53 years dedicated to a business that my dad started in South Australia, it is time to retire. I knew that it would never be an easy thing to do, and it has 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 am 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. The peace of mind in knowing Beaumonts will only continue to grow and build is fantastic, and I look forward to watching that journey and of course spending more time with my wife Sue, my family and friends.”
With a specialist offer across hard surfaces products, floor and wall tiling, bathroom-ware and other hard surfaces accessories, Beaumont Tiles is a trusted Australian business which has been built by the Beaumont family over its 61-year history.