Betaville Intelligence

WELL-DONE ALERT: Reliance Worldwide Corporation said to...

Friday, 18 May 2018, 9:38 pm

Reliance Worldwide Corporation, the Australian plumbing equipment manfacturer, is in advanced talks to buy privately-owned UK-based John Guest for £500 million.

According to sources claiming to be familiar with the matter, Reliance Worldwide Corporation (RWC) - which is listed in Australia - beat off competition from several private equity firms, including US-based AEA Investors, for John Guest.

One source said bankers from Lazard are said to be advising RWC on the potential of acquisition John Guest, a manufacturer of pipes and plastic fittings formed in 1961...

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