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Metcash Announces Regarding Long-Term Supply Agreement in SA

27 Aug 2018  |  10:13:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Long-term supply agreement in South Australia

Metcash announced that it has signed a legally binding Heads of Agreement with Foodland Supermarket, the governing body for independent Foodland supermarket retailers in SA. This includes the proposed form of a long-term supply agreement whereby Foodland retailers will commit to being supplied from its proposed new distribution centre in SA for a period of ten years. The supply agreement is conditional on the Company by entering into an agreement for lease for the new distribution centre by no later than 21 December 2018. Consistent with its announcement on 28 May 2018, the agreement does not include Drakes Foodland supermarkets in SA.

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