Original article by Sue Mitchell
The Australian Financial Review – Page: 13 & 18 : 17-May-16
Mitre 10 boasts a three per cent share of Australia’s hardware market, but this would rise to five per cent if it acquired Woolworths-owned Danks. Hardware retailer John Dahlsen believes that the Australian Competition & Consumer Commission should approve any merger between the two groups. He argues that an enlarged Mitre 10 could reduce its wholesale costs, which could in turn make the independent hardware retailers that it supplies more competitive against Bunnings.
CORPORATES
MITRE 10 LIMITED, DANKS HOLDINGS LIMITED, WOOLWORTHS LIMITED – ASX WOW, BUNNINGS GROUP LIMITED, METCASH LIMITED – ASX MTS, JC DAHLSEN PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LOWE’S COMPANIES INCORPORATED, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, NATBUILD PTY LTD, DEUTSCHE BANK AG, HOME TIMBER AND HARDWARE, THRIFTY-LINK HARDWARE PTY LTD, TRUE VALUE HARDWARE LIMITED