M&A Deal Summary

Woolworths Acquires Austral Refrigeration Holdings Pty

On December 19, 2012, Woolworths acquired electronics company Austral Refrigeration Holdings Pty from Hastie Group Services Pty

Acquisition Highlights
  • This is Woolworths’ 1st transaction in the Electronics sector.
  • This is Woolworths’ 5th transaction in Australia.

M&A Deal Summary

Date 2012-12-19
Target Austral Refrigeration Holdings Pty
Sector Electronics
Buyer(s) Woolworths
Sellers(s) Hastie Group Services Pty
Deal Type Divestiture

Target

Austral Refrigeration Holdings Pty

Sydney, Australia
Austral Refrigeration Holdings Pty Ltd. is a provider of refrigeration business services.

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Buyer(S) 1

Buyer

Woolworths

Bella Vista, Australia

Category Company
Founded 1924
Sector Retail
Employees202,846
Revenue 69.1B AUD (2025)
DESCRIPTION

Woolworths is a provider of retail stores services. Woolworths was founded in 1924 and is based in Bella Vista, Australia.


DEAL STATS #
Overall 5 of 9
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 5 of 8
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 Dick Smith Electronics Pty

Chullora, Australia

Dick Smith is an Australian consumer electronics retailer that was founded in 1968 by entrepreneur Dick Smith and became part of the Woolworths group in 1980. Today Dick Smith employs more than 4,500 people across 325 stores in Australia and New Zealand and in fiscal year 2012 reported sales of $1.6 billion.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 EziBuy

Auckland, Australia

EziBuy Ltd. is a direct-to-customer retailer of apparel and homewares in both New Zealand and Australia, operating primarily via an online platform, catalogues and contact centres.

Buy NZ$350M

Seller(S) 1

SELLER

Hastie Group Services Pty

Homebush Bay NSW, Australia

Category Company
Sector Manufacturing
DESCRIPTION

The merged Austral Refrigeration and Hastie businesses were listed on the ASX in April 2005 as Hastie Group (HST) with an enterprise value of $180 million.


DEAL STATS #
Overall 1 of 1
Sector: Electronics M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-09 Austral Refrigeration Pty

Silverwater, Australia

Austral Refrigeration Pty Ltd. is a manufacturer of commercial refrigeration for supermarkets and convenience stores.

Buy -