Franchise Executives: Metcash enters into $558.5 million acquisition agreements

Date: February 7, 2024

Source: Franchise Executives

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Excerpt

Wholesaler Metcash disclosed it has signed three acquisition agreements cumulatively valued at around $558.5 million.

Metcash agreed to pay up to $412.3 million to acquire Superior Food Group, a foodservice distribution business with 23 branches nationwide and a 80,000sqm warehouse space. The company boasts an estimated over 20,000 customers including quick service restaurants, corporate caterers, cafes, restaurants, and hotels.

“Superior Food provides a compelling opportunity to expand in an attractive and adjacent growth market through an industry-leading player with an established national platform for future growth,” said Metcash CEO Doug Jones.

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