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METCASH LIMITED — M&A Activity 2016
Oct 2, 2016
65384_rns_2016-10-02_cc09ed48-4e71-4cc2-a75d-f08344376642.pdf
M&A Activity
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ASX Announcement
3 October 2016
METCASH ANNOUNCES COMPLETION OF ACQUISITION OF HOME TIMBER & HARDWARE GROUP
Further to its announcement on 24 August 2016, Metcash Limited ( Metcash ) is pleased to confirm that it completed the acquisition of 100% of the Home Timber and Hardware Group ( HTHG ) on 2 October 2016.
Group CEO, Ian Morrice said “We are very pleased to have successfully completed the acquisition of HTHG. We are passionate about supporting successful independents and contributing to the growth of a vibrant independent hardware sector in the long term.
“The increased scale of the combined Mitre 10 and HTHG businesses, together with the opportunity to realise significant efficiencies, will enable us to be more competitive and deliver a better outcome for both our hardware retailers and their customers.”
(ENDS)
For further information:
Cait Tynan Head of Corporate Affairs +61 (0) 427 859 053