Metcash completed the acquisition of a 70% stake in Total Tools for $40m.

Metcash, Australia's wholesale distribution and marketing company, completed the acquisition of a 70% stake in Total Tools, the largest professional tool retail network in Australia, for $40m. “We are pleased to confirm Mark Laidlaw has agreed to take on the role of Chairman of the Total Tools Board. Mark was until recently the CEO of our Hardware pillar prior to hisretirement from thisrole earlier in the year. Mark’s knowledge of the industry and experience working with independents will be of great benefit to Total Tools and the independent retailers,” Jeff Adams, Metcash Group CEO.