Processing timeline
27
days
Acquirer(s)
ACTION SUPERMARKETS PTY LTD ABN - 28 693 656 843
Target(s) or Vendor(s)
ZH SUPERMARKET PTY LTD ABN - 43 652 207 040
Other parties
METCASH LIMITED ABN - 32 112 073 480
Metcash Limited, via its subsidiary Action Supermarkets Pty Ltd, is acquiring the business and assets of ZH Supermarket Pty Ltd, trading as Foodland Flagstaff Hill in South Australia. This asset sale involves an independent supermarket, currently a wholesale customer of Metcash, in the grocery and food distribution sector.
Action Supermarkets Pty Ltd, a subsidiary of Metcash Limited (together, Metcash ), proposes to acquire all of the business and assets of ZH Supermarket Pty Ltd, an independent supermarket trading as Foodland Flagstaff Hill in South Australia ( Foodland Flagstaff Hill ). Metcash is an ASX-listed wholesaler and distributor of food, liquor and hardware products. Metcash’s supermarkets division supplies packaged groceries and fresh produce to a network of around 2,500 independently owned supermarket stores Australia-wide, including to its banner groups IGA and Foodland. Metcash provides its banner groups with brand licencing, marketing and promotional support. In addition, Metcash also services non-bannered stores and third-party groups such as FoodWorks. Foodland Flagstaff Hill is an independent supermarket operating under the Foodland banner and is a wholesale customer of Metcash. It is located in the Flagstaff Hill Shopping Centre Precinct, approximately 18 kilometres south of the Adelaide central business district.