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Valuation deleted
I worked for Korvest in their EzyStrut division on Prospect Rd, Kilburn, here in Adelaide, for about 3 months between working for FH Faulding and Coke, so almost 20 years ago @SudMav - and you're right, far from a sexy business, and the pay was low, however they did have an enterprise agreement, which most companies tend to do, and by the sound of it they have agreed to give their workers a decent pay rise recently since they're calling out employee expenses as one reason for some margin compression, although you'd hope they could claw that back through price increases since they don't have a lot of competition in that segment as I understand it, and their cable trays are generally considered to be pretty good in terms of quality and durability, they're welded properly, mostly by robots, then they galvanise them all themselves.
Wait a sec, didn't I already share this with you, that I once worked for them...
Yep, I did - 5 months ago: https://strawman.com/forums/topic/9703
Ah well, interesting about the margin compression.