Metro Cash and Carry Limited
Registration Number 1946/021315/06
Share code: MTC
ISIN: ZAE000012688
Metro's Australian subsidiary announces major new customer
Metro Cash and Carry Limited's Australian subsidiary, Metcash Trading
Limited (Metcash), today announced a significant expansion of its
distribution operations by adding the fast growing Foodworks Supermarket
Group (Foodworks) to its list of major customers. This is a major coup in
Metcash's strategy to be the champion of the Independent Retailers across
Australia and firmly establishes the group in the minds of customers and
suppliers as one of the three major players in the Australian grocery retail
market.
The 10-year agreement is expected to contribute $180 million in revenue to
Metcash's IGA Distribution and ALM business divisions in the first year. IGA
Distribution, will create two parallel independent retailer systems housed
under one warehouse distribution system to service the existing and new
customer base. This is a significant win for the group and will also derive
major benefits for Foodworks' retailers who will gain state of the art
technology and distribution support necessary to grow nationally.
For Further Information:
George Cocolas - Group Investor Relations Officer
Tel: (011) 809-5526
email: george.cocolas@metro.co.za
Sponsor
Rand Merchant Bank Corporate Finance
16 April 2002
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