Crane Buys Hudson

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.