- CEO
- Peter J. Wilson
- Full Time Employees
- 18,000
- Sector
- Industrials
- Industry
- Industrial - Distribution
- Address
- 57 Balmain Street Cremorne VIC Australia 3121
- IPO Date
- Aug 23, 2023
- Business
- Reece Limited (ASX: REH; OTC: REECF) distributes plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration (HVAC-R) products to commercial, residential, infrastructure, and trade customers. The company offers an extensive portfolio including bathroom and kitchen fixtures, pipes and fittings, valves, irrigation and pool supplies, fire protection equipment, and exclusive brands through specialized business units such as plumbing, civil/waterworks, Actrol for HVAC-R, and plumbing merchant operations; it also provides digital tools like the maX app for ordering and business management, same-day delivery services via automated route systems, and technical support through training centers and interactive displays. Reece operates over 900 branches and 12 distribution centers, serving markets in Australia, New Zealand, and the United States, with a focus on the Sun Belt region in the US.
Founded in 1920 and headquartered at 57 Balmain Street in Cremorne, Victoria, Australia, Reece employs approximately 9,000 people and supports industries including building, civil infrastructure, pools, and fire protection.
In fiscal year 2025 (ended June 30, 2025), Reece completed three bolt-on acquisitions, expanded its branch network by 39 locations, streamlined corporate costs for improved efficiency, and announced an off-market share buyback of A$250 million priced between A$11 and A$13 per share to enhance shareholder value amid challenging housing markets and competition; these initiatives reflect ongoing investments in network growth, technology, and operational resilience despite a 1% decline in group sales revenue to $9.0 billion and 20% drop in EBIT to $548 million.