Original article by Eli Greenblat
The Australian – Page: 19 : 4-Oct-16

The hardware division of Metcash will boast sales of $A2.2bn following the completion of a deal to acquire the Home Timber & Hardware business from Woolworths. The expanded division will comprise about 800 retail stores and a hardware wholesaling business. Woolworths is still engaged in legal action with joint venture partner Lowe’s regarding its exit from the ill-fated Masters Home Improvement business.

CORPORATES
METCASH LIMITED – ASX MTS, WOOLWORTHS LIMITED – ASX WOW, HOME TIMBER AND HARDWARE, MASTERS HOME IMPROVEMENT AUSTRALIA PTY LTD, LOWE’S COMPANIES INCORPORATED, MITRE 10 LIMITED, TRUE VALUE HARDWARE LIMITED, THRIFTY-LINK HARDWARE PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION