Metcash to open new distribution centre in South Australia

Company News

by Katrina Bullock

Metcash (ASX:MTS) has inked a long term lease agreement with Charter Hall to build and lease a distribution centre at Gepps Cross in South Australia.

This new distribution centre will replace Metcash's existing distribution centre at Kidman Park and should provide access to a wider range of products.

This was a precondition to the multiple supply agreements Metcash entered into in August with Foodland store owners.

It will also serve as a distribution centre for Metcash's Australian Liquor Market operation in South Australia.

Shares in Metcash (ASX:MTS) closed 0.7 per cent lower to $2.85 on Friday.