New Bunnings Rival Finalised as Home and Mitre 10 Merge
A merger of Home Timber & Hardware and Mitre 10 has been finalised, creating a new $2.2 billion hardware giant set to take on Bunnings.
Mitre 10’s owner Metcash announced on Wednesday it would buy the Home chain, which has over 400 stores, from Woolworths for $165 million, creating a new 900-store player in the DIY and home improvement sector.
Woolworths put Home on the market after deciding to exit hardware, including its loss-making Masters chain. Sydney Morning Herald – Read more…
Mitre 10’s owner Metcash announced on Wednesday it would buy the Home chain, which has over 400 stores, from Woolworths for $165 million, creating a new 900-store player in the DIY and home improvement sector.
Woolworths put Home on the market after deciding to exit hardware, including its loss-making Masters chain. Sydney Morning Herald – Read more…
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