Wednesday, June 19, 2024

Metcash completes Superior Food acquisition

Metcash has announced the completion of its acquisition of Superior Food.

This follows the company’s announcement in February that it had entered into a binding agreement to acquire the “strategically aligned” Superior Food business.

Superior Food is promoted as a leading Australian foodservice distribution business in the large and growing foodservice market. The acquisition, according to Metcash, cements the company’s position as the largest wholesaler and distributor of food to independent businesses in Australia.

“We are very pleased to have Superior Food in the Metcash Group,” says Metcash Group CEO Doug Jones.

“In addition to being a quality business, it delivers immediate scale and growth opportunities in the adjacent foodservice market and further strengthens and diversifies our existing food business.

“Importantly, the acquisition brings many benefits for both Metcash’s and Superior Food’s independent customers. We warmly welcome them to the Metcash Group.”

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