The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Stealth Global has purchased Western Australia business, Protect-A-Load for $528,000
  • The WA business will be integrated into the Heatleys Safety and Industrial Division
  • The Protect-A-Load product range will be marketed through Heatleys and will be rapidly rolled out across Australia
  • Stealth Global is up 43.75 per cent on the market today and is selling shares at 12¢ apiece

Stealth Global has acquired a Western Australia business, Protect-A-Load for $528,000.

Protect-A-Load designs and supplies innovative load restraint products. Its products include 18 teeth ergonomic reverse action ratchet tie-downs and patented lockable cargo nets.

Stealth paid $258,000 for the business, plus an additional $270,000 for trading inventory at cost. Protect-A-Load has a contracted sales pipeline of $250,000 and has a matching future inventory at cost.

The WA business will be integrated into the Heatleys Safety and Industrial Division. Stealth said its products will complement and extend the existing Heatleys range.

Stealth is an Australian multinational distribution group providing workplace consumable products and supply chain solutions to businesses.

Stealth Managing Director Mike Arnold said the acquisition of Protect-A-Load is consistent with Stealth’s growth strategy.

The company has continued to invest in expanding its product range building a stronger and more competitive business since listing on the ASX in October 2018.

Stealth believes Protect-A-Group has growth potential when its combines with Heatleys range.

“The addition of this product range allows us to expand our offering of high quality, innovative products that add value to our customers, and improve operational health and safety,” Mike said.

The Protect-A-Load product range will initially be marketed through Heatleys and will be rapidly rolled out across Australia through the 27 member stores.

Stealth Global is up 43.75 per cent on the market today and is selling shares at 12¢ apiece at 3:03 pm AEDT.

SGI by the numbers
More From The Market Online

CBA profits fall 3% in March quarter but funding portfolio is flourishing

Commonwealth Bank has reported a 3 percent fall in profits for the March quarter of 2024,…

RBA Gov acknowledges many Australians are doing it tough, but stresses need to keep on the inflation-reducing path

Keeping inflationary pressures down and the job market robust are the RBA board's main aims ahead,…

Westpac tracks lower in profits in first half of 2024, with a 16% yoy drop amid slowing economy

Westpac Banking Corporation has reported a 16 percent drop in net profit (to $3.342 billion) for…

Macquarie profits fall 32% on ‘market volatility’ and low-achieving ‘green investments’

Macquarie Group Ltd (ASX:MQG) has shaved more than 30 percent off its net profit in the final quarter of the 2024 financial year