Unitex Australia joins the Sto Group

August 30, 2019

Pitcher Partners Melbourne recently provided specialist M&A advice to the shareholders of Unitex Australia, one of Australia’s leading manufacturers of building façade features and walling systems, on its sale to the Sto Group.

“Andrew and Tony have built an incredibly successful business over the past 35 years and it was an honour to be entrusted with its sale. We enjoyed working with them on this transaction and look forward to seeing the business continue to grow its presence in Australia through the continued involvement of Andrew and Tony together with their leadership team and the global Sto network and product range” said Michael Sonego, Partner of our Melbourne firm.

“Pitcher Partners worked closely with us through the sale process and we were impressed by their delivery and ‘one firm’ approach in providing us M&A and tax structuring advice and accounting services throughout.  Their desire to see a result that was truly aligned with Tony and my objectives was critical in achieving the outcome we did” said Andrew Concanon, Managing Director of Unitex Australia and former shareholder. 

The inclusion of Unitex Australia will provide Sto with an entry into the Australian market and places it alongside other regional hubs such as Singapore and China.

Pitcher Partners’ Corporate Finance team specialise in advising business owners on mid-market transactions. Do not hesitate to contact one of our professionals around Australia if you’d like to discuss your own situation.

 


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