MANILA—Soon-to-be-listed Wilcon Depot Inc., the country’s leading construction retail store, is scouting for strategic acquisitions and more locations to support expansion and target growth over the next five years.
Wilcon chairman and founder William Belo said the company was open to the possibility of an acquisition should opportunities arise.
“Preferably, of course, (the acquisition will be in our) related industries, in the retail business. We are expert in retail,” he told reporters. “But the priority (now) is to continuously open branches.”
Belo said they were also targeting seven new locations to expand its store network across the country.
“Starting this year, we are targeting a total of 29 (sites) in the next five years,” he said.
The company aimed to roll out 27 new branches, bringing its total store network to 65 by 2021.
Meanwhile, Wilcon Depot has sealed a partnership with the Philippine World Building and Construction Exposition (Worldbex).
As a venue for product exhibition and building relationship with consumers, Wilcon will join Worldbex by showcasing its brands through a booth display.
Worldbex 2017 is slated on March 15 to 19 at World Trade Center and SMX Convention Center in Pasay City.
Over 1,000 exhibitors and 160,000 visitors from different parts of the world and the Philippines are expected to gather in the five-day trade fair.