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Further liquor industry consolidation as Metcash buys Duncan’s

Metcash has entered into an agreement to purchase Southern Independent Liquor Group (SILG), which trades under the Duncan’s and OzLiquor banners.

SILG operates in Victoria with over 100 Duncan’s and OzLiquor branded retail outlets has over 400 wholesale customers.

Ian Morrice, Group CEO of Metcash said: “The purchase of SILG would strengthen Metcash’s presence in these states. The Duncan’s stores are well placed and we believe that as a part of Metcash’s ALM portfolio, sales can be increased as they become part of the Group’s established marketing program.”

Metcash will also be able to leverage SILG customers and retail outlets which will be serviced from the ALM distribution centres in Victoria and Tasmania.

The acquisition follows the recent transition of Steve’s Liquor Group to Metcash’s BottleO network.

Frank Kraps, Chairman of SILG said: “Both SILG and ALM are focused on growing independent strength and we view the asset sale as a positive step toward building a stronger and more robust independent liquor retail sector.”

An Extraordinary General Meeting of SILG shareholders will be held in March to obtain approval of the Asset Sale of Agreement.

 

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