BNET Industries
Market Cap:$643.8M
Last Fiscal Year Sales:$6.2B
- Public
- US
Dow Jones Description
Wesfarmers has moved far beyond its agricultural beginnings. Founded in 1914 and headquartered in Perth, Australia, Wesfarmers Limited (SYD: WES) operates in several different sectors.The company began as a farmers' cooperative, but now deals in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacture, insurance, and rail transport. The company has annual revenue of about $6.2 billion and employs about 30,000 people. Wesfarmers and Genesee & Wyoming (G&W) of the United States, joint venture partners in the Australian Railroad Group (ARG), agreed to sell ARG to Babcock & Brown Limited and Queensland Rail for $1.3 billion. The sale covers freight operations in Western Australia and contracted services operating in New South Wales and Victoria. It also includes the remaining 43 year lease on the rail network in Western Australia, currently managed by the ARG subsidiary.
Number of Employees 30,000
Contact Information
Wesfarmers House, 11th Fl
Perth
(61) 893274211
Peer Companies
NAICS Code Other Management Consulting Services: 541618
Recent Events
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WESFARMERS' HARDWARE BIZ BUNNINGS TO OPEN 12 STORES IN NSW
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Australia's Tabcorp in talks to buy pubs-report
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FORMER W AUSTRALIA PREMIER TAKES SENIOR ROLE WITH WESFARMERS
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Asia Markets: Wesfarmers gains in Aussie supermarket race
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AUSTRALIAN RETAILER WESFARMERS POSTS NET PROFIT RISE TO US$1.3B
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Wesfarmers CEO Focuses on Performance
News & Analysis
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coles and wesfarmers ltd. - All News and Analysis
Investors dump Wesfarmers, Coles.
- 2007-07-03
Byline: Vanda Carson Jul 03, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Shares in both Wesfarmers and Coles fell on 3 July 2007, following the announcement of their $A22bn merger. Wesfarmers shares fell $A3.13, or seven per cent, to $A42.60, while...
Goyder happy on bid cash.
- 2007-04-05
Byline: Cathy Bolt Apr 05, 2007 (The West Australian - ABIX via COMTEX) -- Wesfarmers CEO, Richard Goyder, has dismissed suggestions it may have to divest assets in order to fund its $A20bn bid for Australian retailer Coles. It has been suggested that Wesfarmers...
Westfarmers sets stage for 19.7 billion dollar retail giant Coles
- 2007-04-03
SYDNEY AFP — Australian conglomerate Wesfarmers Tuesday led a share raid on retail giant Coles, setting the stage for what could be one of the nation' biggest corporate deals worth 19.7 billion dollars (16 billion US). Wesfarmers, a leader in home improvement and building supplies, netted an 11.3 percent...
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