Acquiring Company
Metcash
Acquired Company
Peries Group
Macquarie ParkQueenslandFood and BeverageGroceryRetailWholesaleFood and BeverageGroceryRetailDescription
Metcash has entered into a binding agreement to acquire Queensland-based food business Peries Group. The estimated purchase price is between $80–$85 million, and the deal is expected to complete by the end of next April, subject to regulatory approvals. This acquisition aims to strengthen Metcash's IGA network across Queensland. Metcash plans to retain the stores and explore optimal ownership structures.
Quick answer
Metcash is acquiring Peries Group, announced October 19, 2026. Metcash is based in Macquarie Park, New South Wales, Australia.
- How much did Metcash pay for Peries Group?
- The deal value was not disclosed.
- What does Metcash do?
- Metcash is a leading wholesale distribution and marketing company, providing a variety of grocery and hardware products.
- Where are Metcash and Peries Group based?
- Metcash is based in Macquarie Park, New South Wales, Australia. Peries Group is based in Queensland, Australia.
- Who are the decision-makers at Metcash?
- Fundz holds 1 contact at Metcash. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Peries Group?
Peries Group was acquired by Metcash, based in Macquarie Park. The deal was reported on October 19, 2026. Metcash is a leading wholesale distribution and marketing company, providing a variety of grocery and hardware products. Metcash is privately held and operates in Food and Beverage.
When did Metcash acquire Peries Group?
Metcash's acquisition of Peries Group was reported on October 19, 2026. Metcash has entered into a binding agreement to acquire Queensland-based food business Peries Group. The estimated purchase price is between $80–$85 million, and the deal is expected to complete by the end of next April, subject to regulatory approvals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Peries Group do?
Peries Group operates a network of IGA supermarkets across Queensland. The company focuses on providing quality grocery products to local communities. It plays an essential role in the regional retail landscape. It is privately held, operating in Food and Beverage, and is based in Queensland.
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