M&A Deal Summary

Wesfarmers Industrial And Safety Pty. Acquires Workwear Group Pty.

On December 1, 2014, Wesfarmers Industrial And Safety Pty. acquired apparel/textiles company Workwear Group Pty. from Pacific Brands for 180M USD

Acquisition Highlights
  • This is Wesfarmers Industrial And Safety Pty.’s 2nd transaction in the Apparel/Textiles sector.
  • This is Wesfarmers Industrial And Safety Pty.’s 2nd largest (disclosed) transaction.
  • This is Wesfarmers Industrial And Safety Pty.’s 4th transaction in Australia.

M&A Deal Summary
Date 2014-12-01
Target Workwear Group Pty.
Sector Apparel/Textiles
Buyer(s) Wesfarmers Industrial And Safety Pty.
Sellers(s) Pacific Brands
Deal Type Divestiture
Deal Value 180M USD

Target

Workwear Group Pty.

Port Melbourne, Australia
Workwear Group Pty. Ltd. is a designer, sources, manufacturer and supplies industrial workwear, corporate wear, uniforms and specialised defence workwear.

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Buyer(S) 1

Buyer

Wesfarmers Industrial And Safety Pty.

Macquarie Park, Australia
Category Company
Founded 2009
Sector Distribution
DESCRIPTION

Wesfarmers Industrial And Safety Pty. Ltd. is a industrial and safety products and services in Australia, New Zealand, and Indonesia.

DEAL STATS #
Overall 4 of 4
Sector (Apparel/Textiles) 2 of 2
Type (Divestiture) 1 of 1
Country (Australia) 4 of 4
Year (2014) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Pacific Brands Workwear Group Pty

Richmond, Australia

Pacific Brands Workwear Group Pty Ltd. designs, sources, manufactures and distributes industrial work wear.

Buy $180M

Seller(S) 1

SELLER

Pacific Brands

Richmond, Australia
Category Company
Founded 1888
Sector Consumer Products
Employees3,600
Revenue 790M AUD (2015)
DESCRIPTION

Pacific Brands is a provider in underwear, footwear, and sports equipment predominantly sourced from China, and bedding manufactured in Australia. Well known brands include Bonds, Berier, Holeproof, Grosby, Clarks, Malvern Star, Dunlop and Slazenger.

DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 2 of 3
Country (Australia) 2 of 3
Year (2014) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Brand Collective

Alexandria, Australia

Brand Collective is an operator of footwear and apparel house of brands in Australia, with a portfolio of iconic owned and licensed brands. Brand Collective owns a number of iconic Australian brands including Volley, Grosby, and Julius Marlow, and has exclusive licenses for leading international brands including Superdry, Clarks, Hush Puppies, and Mossimo. The business sells through a combination of department stores and discount department store chains, as well as around 50 branded retail sites and several company-owned websites. Brand Collective also owns the Shoe Warehouse chain of discount footwear stores. Brand Collective is based in Alexandria, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 Dunlop Flooring Pty

North Sunshine, Australia

Dunlop Flooring Pty Ltd. is a manufacturer and distributor of flooring underlay in Australia, with extremely high and long­standing brand awareness. The business also designs and distributes a range of branded wood and vinyl flooring products. It sells to a combination of wholesalers, retail groups, and independent stores throughout Australia.

Sell AU$34M
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