Metcash - majority interest in Total Tools Holdings

Acquirer(s)

  • Metcash

Target(s)

  • Majority interest in Total Tools Holdings

Summary

Metcash Limited is proposing to acquire a 70% stake in Total Tools Holdings Pty Ltd.

Through its Independent Hardware Group (IHG) division, Metcash is a wholesaler and retailer of hardware and home improvement products. IHG’s brands include Mitre 10, Home Timber & Hardware, Thrifty-Link Hardware, True Value Hardware and Hardings.

Total Tools Holdings is the franchisor of the Total Tools network, a specialist tool retailer.

Market inquiries

Submissions are invited from interested parties regarding the proposed acquisition.

The closing date for submissions is 13 July 2020. Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title “Submission re: Metcash/Total Tools Holdings – attention Briony Siviour”.

Following the closing date, queries regarding the ACCC’s review may be addressed to Briony Siviour at mergers@accc.gov.au. For more details, please refer to the attached market inquiries letter.

Market inquiries

Timeline

DateEvent
29/06/2020ACCC commenced informal review under the Informal Merger Review Process Guidelines.
13/07/2020Closing date for submissions.
27/08/2020Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Briony Siviour

Contact email