Stealth Group Holdings shares closed trade up 60 per cent to $1.11 on Monday, following news it was set to acquire Hardware & Building Traders Pty Ltd.
Distribution services provider Stealth Global expects to grow its revenue by about $18 million, following the acquisition of Skipper Transport Parts from Eagers Automotive.
Shares in Perth-based Stealth Global Holdings surged 80 per cent today after it announced the purchase of a hardware and tool supplier for $3.8 million.
Perth company Stealth Global Holdings will start trading on the ASX tomorrow after completing a $12.5 million IPO and paying $9 million for local firm Heatleys Safety and Industrial.
