Metcash completes Superior Foods acquisition

Metcash has announced the completion of its acquisition of Superior Foods, Australia’s third-largest food services distribution business.

The acquisition cements Metcash’s position as the largest wholesaler and distributor of food to independent businesses in Australia.

Superior purchases a wide range of food products from suppliers and distributes them to food service businesses such as restaurants, cafes, hotels and clubs, petrol and convenience stores, and institutions such as hospitals.

Doug Jones, CEO of Metcash Group, said they are very pleased to have Superior Foods in the Metcash Group.

“In addition to being a quality business, it delivers immediate scale and growth opportunities in the adjacent foodservice market and further strengthens and diversifies our existing Food business. Importantly, the acquisition brings many benefits for both Metcash’s and Superior Foods’ independent customers.  We warmly welcome them to the Metcash Group.”

Metcash is a wholesale distribution company, which supplies grocery and fresh foods to independent supermarkets and retailers. Metcash operates Campbells, which also wholesales food and food adjacent products to retailers.

The group also is the parent company of supermarkets IGA and Foodlands, with more than 1600 stores nationally. It is also the second-largest player in both the Australian liquor market and the Australian hardware market, with brands including IGA Liquor, Bottle-O, Cellarbrations, Porters Liquor, and in hardware, Mitre 10, Home Timber & Hardware, and Total Tools.

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