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Metcash Limited

Posted on October 25, 2020October 25, 2020

Metcash Limited (ASX: MTS) is an Australian conglomerate company distributing and marketing groceries, fresh produce, alcoholic beverages, hardware, and other consumer goods. Notable retailers the company owns include IGA, Mitre 10 and Home Timber & Hardware.

Metcash took a majority share in Automotive Brands Group for $53 million in 2012 and incorporated it into its automotive division. The company then sold its automotive division to Burson Group in 2015 for $275 million. The chief executive officer of the automotive division was Supercar driver Paul Dumbrell.

Traded as:           ASX: MTS

Industry:              food distributor, hardware retail, liquor retailing

Founded:            1927; 93 years ago as Davids Limited

Founder:             Joe David

Products:             supermarket, hardware products and liquor stores

Website:              www.metcash.com

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