The Australian Competition Authority clears acquisition of 70% majority stake in a specialist retail supplier of tools and equipment by a competitor (Metcash / Total Tools)

Metcash's acquisition of Total Tools majority stake not opposed* The ACCC will not oppose Metcash Limited’s (ASX:MTS) acquisition of a 70 per cent majority interest in Total Tools Holdings, the franchisor of the Total Tools network. Metcash is a wholesaler and retailer of hardware and home improvement products through its Independent Hardware Group (IHG) division. IHG’s retail stores

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Australian Competition Authority, The Australian Competition Authority clears acquisition of 70% majority stake in a specialist retail supplier of tools and equipment by a competitor (Metcash / Total Tools), 20 August 2020, e-Competitions August 2020, Art. N° 96536

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