Metcash Limited (ASX:MTS) agreed to acquire remaining 15% stake in Total Tools Importing Pty Ltd for approximately AUD 100 million on November 13, 2023. Paul Dumbrell intends to step down as Chief Executive Officer of Total Tools. The transaction is expected to close in late November 2023. Michael Ziegelaar, Andrew Rich, Katerina Jovanovska and Hamish Cullity of Herbert Smith Freehills acted as legal advisor to Quadrant Private Equity Pty Limited and Baker & McKenzie acted as legal advisor to Metcash Limited (ASX:MTS).
Metcash Limited (ASX:MTS) completed the acquisition of the remaining 15% stake in Total Tools Importing Pty Ltd on November 30, 2023.
Metcash Limited is an Australia-based wholesale distribution and marketing company. The Company provides merchandising, operational and marketing support for its food, liquor and hardware customers. Its segments include food, liquor and hardware. The food segment distributes a range of products and services to independent supermarkets and convenience retail outlets. The hardware segment is engaged in the distribution of hardware products to independent retail outlets and the operation of corporate and joint venture retail stores. The liquor segment distributes liquor products to independent retail outlets and hotels. It provides various liquor brands, including Thirsty Camel, Big Bargain Bottleshop and Duncans. The Company's hardware brands include Mitre 10, Home Hardware, Total Tools and Hardings Hardware. The Company provides services to independent retailers in various corners of Australia, including Cape York and Cooktown in the Northeast, and Dampier and Broome in the Northwest.
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Investor
Investor
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ESG MSCI
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