Chanticleer
Inside Metcash’s $600m bet on the ‘little guy’
Metcash’s acquisition of Superior Foods came with a shot at the use of so-called creeping acquisitions by the likes of Coles, Woolworths and Wesfarmers’s Bunnings chain.
You won’t find many chief executives who openly back the Australian Competition and Consumer Commission’s push for merger reforms.
But Doug Jones, chief executive of Metcash, has a distinct view of the Australian market, which is at the heart of his $412 million acquisition of Superior Foods, the third-largest player in Australia’s $21 billion food services business in Australia.
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