Ausreo has grown rapidly from inception in 2001 to take an increasing share of the $1bn steel reinforcing sector in Australia. Its growth has been largely based upon a highly efficient operating model, strong customer service performance as well as effective raw material sourcing via imports.
The team of four founders with 138 years combined experience in the steel industry sought a partner to support the roll-out of their “concrete supplies” branch network following the acquisition of Sydney Mesh & Steel.
Ausreo has continued to build its volumes while driving operating and working capital efficiencies to deliver strong financial performance relative to its competitors.
The business was successful in winning the landmark 120KT Brisconnect project and has grown its capabilities and market standing to establish credibility with tier one construction customers. In parallel to winning major projects, Ausreo has also opened 10 highly profitable service centres around NSW and Victoria.