• Acquiring leading WA distributor John's Building Supplies for up to $17M
• Raising ~$10M via fully underwritten renounceable entitlement offer
• Transaction expected to be earnings accretive from day one

Big River Industries Ltd (ASX:BRI) has entered into an agreement to acquire the trading business and assets of John's Building Supplies (Acquisition) for total consideration of up to $17.0 million. John's Building Supplies is a long established Western Australian trade focused building materials supplier servicing builders, subcontractors and commercial customers across structural timber, engineered wood, cladding, lining and fit-out categories. The Acquisition aligns with Big River's strategy of focusing on trade customers in key market segments and strengthening its presence in the growth region of Western Australia. The transaction is expected to be earnings accretive pre-synergies from day one, underpinned by the business's strong market position, broad customer base, and consistent financial performance. To partially fund the Acquisition, Big River will undertake a fully underwritten ~$10 million pro rata renounceable entitlement offer of new fully paid ordinary shares (Entitlement Offer). The balance will be funded with from existing debt facilities and cash and the issue of new shares to the vendor. The Entitlement Offer is available to all registered shareholders with an address in Australia or New Zealand. Eligible Shareholders may subscribe for 3 New Shares for every 35 existing fully paid ordinary shares in Big River held on the Record Date at an issue price of $1.37 per New Share. The Entitlement Offer is fully underwritten by Petra Capital Pty Ltd, with Naos appointed as a sub-underwriter.