Newly branded Alert Steel & Build Megastores open

This forms part of the company's strategy to be a one-stop shop for both consumer and commercial buyers. The new stores have a comprehensive offering and stock both day-to-day consumables and large-scale items. The megastores specialise in timber, plumbing, steel, hardware, paint, security products, home décor and building materials.

"The acquisition will significantly increase the company's turnover and provide a greater national footprint in the market," said CEO Peter Dodson. In addition to increasing the company's footprint, the purchase will provide a management and supply chain benefit that will enhance the profitability of the group, particularly through an increase in turnover.

This acquisition and other business restructuring plans arose from a buy-out of Alert Steel's debt earlier this year in an attempt to save the company, which at the time was experiencing financial difficulty. Dodson and his team are in the process of implementing a number of new strategies to turn the business around and initiatives such as these megastore developments offer exciting growth opportunities.