Wholesale and distribution giant Metcash has acquired a larger stake in hardware franchise chain Total Tools, upping its ownership from 70 per cent to 85 per cent with a $59.4 m spend.
Metcash has successfully acquired a 70 per cent stake in franchisor Total Tools Holdings for $57 million, a business that has boomed during the Covid-19 pandemic. The wholesale distributor, which
Sydney Tools has confirmed it is suing competitor Total Tools over an alleged email hacking. According to Sydney Tools, Total Tools hacked into its email system last year to give
Metcash is moving forward with its acquisition of 70 per cent of Total Tools, a national franchise targeting tradespeople, for approximately $57 million. The wholesale distributor, which already operates in
Metcash is looking to increase its presence in the hardware market after seeing sales in this part of the business return to positive growth in the second half of FY20,