Bianco Construction Supplies – acquisition by Metcash / Mitre 10

• Bianco Construction Supplies is a South Australian industrial and construction supplies business founded in 1977, operating a network of 10 stores across South Australia and the Northern Territory
• Miles advised Metcash, owner of the Independent Hardware Group which operates the Mitre 10 chain, on its acquisition of Bianco
• The acquisition extends Metcash’s hardware footprint into the trade and construction-supplies segment, building on its track record of consolidating the fragmented Australian hardware market

Industry Context

The Australian hardware and building-supplies market remains highly fragmented outside the major chains, creating ongoing consolidation opportunities for well-capitalised acquirers. By acquiring established regional operators, Metcash deepens its trade and construction exposure and complements its retail-focused Mitre 10 and Independent Hardware Group networks.

Further information on this transaction is available at: Metcash Announcement