Business Description:
Coventry Group Limited (CYG) is an Australian company focusing on the distribution of industrial products with a number of trading businesses that specialize in the following product lines: Industrial and Construction Fasteners; Industrial Fluid Systems; and Furniture and Cabinet Hardware.

Strategy Analysis:
CYG's strategy is to provide strong return on capital by operating as a diversified distribution and service company to industrial, automotive and other technical based markets. This is achieved by strong branding in each of the market sectors, with a focus on customer and differential products. CYG is also targeting bolt on acquisitions in new geographic areas, as well as larger acquisitions that support existing operations. In 2005/06, CYG acquired Cornall Group and Howard Silvers Hardware as it looks to establish a cabinet and furniture hardware division. Previous acquisitions include: Thompson's Spare parts (QLD) and Rod Smith Parts & Bearings business (QLD), Independent Motor Mart (NT), in July 2004 Hamilton Nuts & Bolts (NZ) and Motor Torque (Qld). General market conditions from the previous year will continue with soft market conditions continue to weight on its automotive market. CYG will continue to evaluate and look for opportunities to grow its business by pursuing strategic acquisitions if they align with core businesses.