Super Retail Group Limited (ASX:SUL), also known as Super Cheap Auto Group, is acquiring Rebel Group Limited from Archer Capital for $610 million.
Super Retail said Rebel’s the clear market leader in the Australian sporting goods retail sector with 128 stores nationally, and a 24 per cent market share in the sporting goods retail market.
Chief executive Peter Birtles said it was an opportunity for the company to leverage its retail and supply expertise in a highly complementary business, and is a natural strategic fit.
Super Retail Group Limited (ASX:SUL) reported a net profit of $55.59 million for the six months to June this year.
