Crane Buys Hudson

Plumbing supplier Crane Group Ltd, which includes 220 Tradelink stores around Australia in its portfolio, acquired full ownership of Hudson Building Supplies Pty Ltd for $31.5 million on November 1. Hudson supplies timber and hardware to the building and home renovation industry through 15 branches in NSW and Southeast Queensland. Its sales turnover of $107 million is expected to add to Crane’s 2011 financial year earnings.