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GUD buys Willeton's Monarch for $30 million

The family owners of Willeton company Monarch Pool Systems have reaped a $30 million reward by agreeing to sell the business to listed Melbourne company GUD Holdings.
GUD said it was acquiring the business on a debt-free basis for around $30 million.
Monarch was established in 1977 and was acquired by the current owners in 1989.
West Perth advisory firm Mergers & Acquisitions assisted in the sale, adding to a string of private business sales negotiated by M&A over the past year.

GUD's full announcement is pasted below:

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