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International DIY News

Bunnings' Acquisition Under Scrutiny By ACCC

Adelaide Tools

Bunnings is being investigated by the Australian Competition and Consumer Commission (ACCC) over its acquisition of the Adelaide Tools retail chain.

Adelaide Tools is a family-owned and operated business with a 70-year history serving the specialised needs of trade users and high-end DIY enthusiasts through its five Adelaide stores, Oaklands Mower Centre and online store.

Prior to the investigation, Bunnings’ Managing Director, Mike Schneider, said Adelaide Tools was a quality business with a great team, premium brands and a reputation for great customer and after sales service.

The ACCC’s investigation is focused on the impact of the proposed acquisition on competition in South Australia and nationally. In particular, the ACCC is seeking the views of interested parties on :

- how closely Bunnings and Adelaide Tools compete with each other and for which products/services

- which other retailers compete with the tools, hardware and power equipment offerings available from Bunnings and Adelaide Tools

- the likely impact of the proposed acquisition on prices and/or service quality.

 The closing date for submissions is 21st November and the ACCC expects to make an update on its findings at the end of January.

The ACCC review can be found here 

Source : Insight DIY Team

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12 November 2019

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