More stores for Woolworth’s Masters to take hardware battle to Bunnings

 In Australia, NewZealand, Woolworths
Woolworths has acquired another 16 hardware stores in NSW and Queensland for around $20 million after securing approval from the competition regulator to proceed with the purchase of Hudson Building Supplies from Fletcher Building.
The Australian Competition and Consumer Commission approved the Hudsons acquisition on Thursday following a 38-day inquiry into the impact on competition.
The ACCC found the acquisition was unlikely to substantially lessen competition in any local market for the retail supply of building supplies, hardware and home improvement products.  Sydney Morning Herald – Read more…

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