date:Jul 04, 2012
plans to use funds to buy out hardware store Mitre 10 and fund other non-grocery acquisitions.
Metcashs expansion includes the $53.8 million acquisition of a 75% stake in Autobarn owner, the Automotive Brands Group, and it is investing $80 million in introducing new automated packing technology in Metcashs distribution centres in 2014.
Australias independent retailers that Metcash supplies, such as IGA, have also been hit by the price war between supermarket giants Coles and Woolworths, causi