Products from the century-old company have become a staple in the spaces we frequent. But can the plumbing giant keep its head above the water?
ASX-listed plumbing supplies giant Reece has tapped the market with a $600 million capital raise,becoming the latest in a long list of companies seeking extra funds during the pandemic.
Australia's house price slump has sent a chill through a swathe of the economy and threatens to inflict more damage.
The Morsco deal gives Reece access to a market that's forecast to grow at twice the rate of the Australian market and is currently about eight times the size.