ACCC Concerns about Bunnings’ Adelaide Tools deal
I might be a little late on this one however I have just found out that Bunnings has proposed an acquisition of Adelaide Tools which is currently being reviewed by the ACCC.
A few random quotes to give some context:
"Adelaide Tools is one of only two tool specialists with a physical presence in Adelaide"
"The other key tool specialist competitor in Adelaide is Total Tools, which has 81 stores nationally, six of which are in Adelaide."
"Adelaide Tools is a privately owned business that sells tools, tool accessories and outdoor power equipment, primarily to trade customers in five locations in Adelaide."
"Sydney Tools is the second-largest tool specialist in Australia, with 33 stores across NSW, Victoria and Queensland. Sydney Tools has publicly announced its plans to open new stores across Australia, but does not currently have any stores in Adelaide."
Whilst I have no connection with Adelaide Tools, I am a customer and prefer to purchase from them than Bunnings when the opportunity presents. They have found that they have a much better range than Bunnings and it just has the feel of a more specialist tool store with better quality products. Staff have always been helpful and don't seem to differentiate between tradies and hobbyists. The store near me is also about 50m from Bunnings.
I have no idea if anything will change if Bunnings does acquire Adelaide Tools or if it will be business as usual, however it does seem to water down options.
Further reading:
Concerns about Bunnings’ Adelaide Tools deal | ACCC