ARB Corporation Announces Conditional Agreement to Acquire US Retail Assets

Highlights:

●  ARB Corporation (ASX: ARB) has announced a conditional agreement for its associate, ORW USA, Inc., to acquire 4 Wheel Parts retail assets for approximately US$30 million.

●  The acquisition, subject to court approval as part of Hoonigan's reorganization, will increase ARB's stake in ORW from 30% to 50%.

●  ARB will also acquire the Poison Spyder brand for US$1 million, expanding its portfolio in the 4x4 accessories market in the US.

Acquisition Details
ARB Corporation Limited (ASX: ARB) has revealed that its US-based associate, ORW USA, Inc. (ORW), has entered into a conditional Asset Purchase Agreement to acquire 4 Wheel Parts (4WP) retail assets from Hoonigan (formerly Wheel Pros, LLC). The deal, valued at approximately US$30 million, will see ORW take over 42 retail stores and e-commerce platforms specializing in 4x4 accessories across the United States.

Funding and Court Approval
The agreement is contingent upon court approval as part of Hoonigan’s court-supervised reorganization in the US. If the transaction is finalized, ARB's shareholding in ORW will increase from 30% to 50% through additional shareholder funding.

Brand Acquisition
Additionally, ARB will acquire the Poison Spyder brand from Hoonigan for US$1 million, also pending court approval. The company will continue to update shareholders as the process unfolds in alignment with its disclosure obligations.

Future Prospects
This acquisition strengthens ARB's presence in the US market, reinforcing its growth strategy in the global 4x4 accessories industry.

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