Ok, a fair bit of criticism of the Wilson family here over their decision to acquire MORSCO. I would encourage everybody to defer to the family who knows more about selling plumbing than anybody else in Australia. We would be out of our minds to think this is anything other than a huge new milestone for an Australian company which is going global. Peter Wilson would be 50 now and he has a good 20 years ahead of him at the helm. Reece is 80% owned by the Wilson family, and I'm happy to be going along for the ride. Ideal acquisition for Berkshire Hathaway btw. Article here: https://asxvalue.com/2018/05/07/reece-group-acquisition-of-morsco-reh/
Ann: Acquisition of Morsco and Capital Raising Presentation, page-22
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