Australia's Reliance Worldwide buys UK's John Guest for $923m

Australia's Reliance Worldwide buys UK's John Guest for $923m

Photo: Reliance Worldwide

Australian plumbing fittings maker Reliance Worldwide Corp Ltd said on Thursday it has entered into an agreement to buy UK-based John Guest Holdings Ltd for A$1.22 billion ($923 million) to expand its European footprint.

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