Tuesday, April 23, 2013

Fielders Sold? Not Sold?

Hills will sell, Steel Business.

What's happening, is it Asia buying, is it New Zealand Buying or Australia buying?

Latest piece missed from our local newspaper - but now found:

Who's buying?
Update from various sources:


  1. Queensland Roofer: Asian buyer near for Fielders, nothing for Orrcon.
  2. NSW Roofer: Asian buyer for Fielder in 2014 January.
  3. Victoria Roofer: Australian buyer for Fielders, no buyer for Orrcon.
  4. SA Roofer: No buyer for Fielders or Orrcon.
  5. WA Roofer: They don't care who buys either Fielders or Orrcon - too busy selling stuff.
  6. NT Roofer: Reckons Fielders will go to an Asian buyer - but very restricted???
  7. ACT Roofer: Fielders and Orrcon both No Sale!
I can't see Fletchers buying either Orrcon or Fielders. CSR is a no go currently, with their own tile roofing business suffering under the reduced construction figures. Plus the mining construction does not suit the transportable building industry in WA, NT and QLD. Maybe a chance and should contact Tom Waterhouse for online betting?

My bet is a sale of Fielders in early 2014 (January) to an Asian company if only anti dumping duty is eliminated. Who knows?

20 comments:

  1. Apologies: but voting on the articles is currently not available

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  2. they need to be sold as its sad to see where they are at the moment. complete new team with no "fielders" experience left with SG off to revo and DC off to lysaghts within the month

    regards,
    adelaide roofer

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    Replies
    1. amazing there still going

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    2. Did DC end up going to Lysaght or SG to Revo ? Where abouts did NG go ?

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  3. fielders would be a good pick up for some of our northern buyers, all the unique products aramax kingfloor etc they could still operate fielders australia and utilise the fielders products overseas much better than hills

    experience here is important but nothing that cant be replaced

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  4. Don't be surprised by the double Fielders & Revo buyout - that would be a good deal for someone.

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    Replies
    1. It would be the only way to secure the market share back for SA & WA, if only Fletchers had purchased before the Revolution split, they would have owned both states in their portfolio.

      But even now what you say may still be a possibility.

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  5. The Fielders price is only $30m, over $100 million below what Hills were offered 4 years ago. That leaves debt free Bluescope or Fletcher lots of loose change to buy Apex, Stratco or Revolution. It's all about to happen.

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  6. Fielders will be merged into Lysaght or Stramit is my tip, plant closures and overhead reductions will be the only way to make money in this climate.

    The market is still too far down for the Asian mills to bother with Australia.

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    Replies
    1. KC I think your on the money there - can BSL buy Fielders though? There are already claims of Lysaght receiving preferential treatment from BSL that I have heard on the rumour mill - Could a purchase of this destroy their coil sales?
      Another point is how could BSL start a anti-dumping case against AZ150 from foreign suppliers when they have stopped producing this product in Australia and are producing AM125 on the mills in its place? Sounds like money grabbing if I have ever heard of it - easy way to raise capital for the purchase of a roll former some might say...

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  7. Did DC end up going to Lysaght or SG to Apex or Revo ? Where abouts did NG go ?

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    Replies
    1. heard SG to revo unless NG ends up at apex then both to apex. DC last man standing at fielders but lysaght rumour is growing legs

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  8. NGis having time out with his family, SG is considering going to revs and DCis staying at Fielders for the time being....

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  9. SA market is down the most in Australia, more retrenchment to come. Qld & WA have signs of life , NSW & Vic down but not as far as SA. All points to Fielders being absorbed by a competitor and more plants closed down. It shouldnt end there, all the rollformers should be talking mergers as the market is too small. Builders have too much power to screw down margins.

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  10. NG & SG have bought a pub together, backed by their friends and old customers. Smart move

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  11. More workers at mile end to loose their jobs more tradesman to look for new jobs this industry is doing some hards yards thanks labor im a victim too but lucky and your schools money what a waste it delayed the slowdown in t his industry

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  12. more people being offered voluntary reduncancies in jobbing/rainwater sections at mile end. not looking good. some boys have been there over 20 years....

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    Replies
    1. SA Revolution and Apex are growing fast and hiring, Fielders loss is their competitors gain. Fielders have lost half their staff and half their sales

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    2. Will anyone buy freefalling Fielders ? Bids close next week .

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    3. WA's turn for reduncancies now. Not much hope for fielders if they are laying off people in WA what with the amount of houses being built over here. What next for this fledgling giant?

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