Trio’s HARDAZ retaining wall system

Trio’s HARDAZ retaining wall system

The DIY market is in high demand, Trio’s HARDAZ retaining wall system is the perfect product to help your DYI customers.

ABOUT

The Trio HARDAZ retaining wall system is an easy solution to spruce up your outdoor area. Whether you are looking to plant some new blooms, create a play pit for the kids or grow some veggies, HARDAZ is the solution.  Trio’s HARDAZ retaining wall systems are heavy duty with a galvanised steel finish, providing a neat and solid timber wall every time. With no need for fastening or drilling, anyone can take on such a project in their own home. The range is suitable for both 50mm and 75mm-wide sleepers and can be adapted to build walls up to five sleepers high.  This extensive range includes corner posts that allow for a perfect right angle fit every time, joiners and end posts, for straight line retaining walls, stakes to secure timber borders, ideal for garden beds and providing extra strength where required, it also includes pegs and supports for creating the perfect 90 degree corner. Your outdoor makeover has never been easier with HARDAZ.

Proposed acquisition of Total Tools by Metcash Limited (IHG)

Proposed acquisition of Total Tools by Metcash Limited (IHG)

Metcash Limited (Independent Hardware Group) has entered the final stage of negotiations to acquire 70% of Total Tools Holdings (TTH) with an option to acquire the remaining stake at a later date.
TTH is the franchisor to the largest professional tool retail networks in Australia with 81 Total Tools-branded stores nationwide, generating ~$555m in sales annually. TTH operates in the commercial trade market, partnering with leading local and global brands of tools, accessories, consumables and specialist equipment, true to its motto “Every Tool, Every Trade”. TTH has been operating for over 30 years servicing the professional trades market.
The proposed acquisition will include the TTH franchisor operations and a company owned store in Moorabbin, Victoria. Consistent with IHG’s successful network strategy today, Metcash would intend, over time, to adopt a mix of store ownership within TTH, including both independently owned and joint venture stores.
Metcash believe the rationale for acquiring Total Tools is compelling as it:

  • Aligns with Metcash’s strategy to be the leading supplier to independents in each of its three pillars – Food, Liquor and Hardware
  • Enhances Metcash’s position in the Australian hardware market which will benefit independent retailers in both Total Tools and the Independent Hardware Group
  • Increases Metcash’s exposure to trade customers
  • Supports Total Tools’ vision to remain a leading professional tool retail network
  • Strengthens both Metcash’s and Total Tools’ existing independent networks
  • Result in significant value creation opportunities and synergies

It is important to note that the transaction is subject to approval by the ACCC. Metcash can give no assurances at this stage as to whether the discussions will lead to a binding transaction.
The interests and values of IHG and TTH are closely aligned. Metcash believe a successful transaction will enable the combined group to be stronger, more efficient, more competitive and better able to serve both businesses customers and communities. Metcash’s objective remains to Build Successful Independents and to grow a vibrant independent hardware sector for the long term.
You can view the ASX announcement HERE

Lease Negotiations: a guide to help you get a better deal

Lease Negotiations: a guide to help you get a better deal

With rental payments representing a significant overhead for tenants, as well as a source of income for landlords, understanding the intricacies for your business is challenging. Our partners, Business Australia have created resources to help provide information and advice on rent relief, lease negotiations and how to interpret the National Commercial Leasing Code of Conduct to help support businesses.

Whether you’re already eligible for rental relief under the COVID-19 Code of Conduct for Commercial Tenancies or you’re preparing for a possible downturn in sales, negotiating your lease can be a daunting exercise. This 10 step lease negotiation guide will help you to understand your eligibility and rights as a tenant under the COVID-19 Rental Relief code and how to recognise the commercial motivations of your landlord to negotiate a better deal for your business.

The 10 step guide covers:

  1. Understand your rights under the COVID-19 Code
  2. Understand your landlord’s commercial motivations
  3. Research your current market rent
  4. Look at the local area
  5. Understand your sustainable occupancy cost
  6. Reach out to your landlord to book a meeting
  7. Pick a suitable setting and think about your style
  8. The negotiation tactics
  9. Formalise the new lease or lease variation
  10. In dispute?

Members can download their guide on the members portal