A special taskforce has been formed to oversee the recall of Infinity brand electrical cables, after it was discovered that the 'poor quality' plastic insulation coating failed electrical safety standards.
Danks will acquire a majority interest in the shares of Hardings Hardware.
Sydney's Sunlite has switched banners from Danks/Thrifty Link to Metcash's Mitre 10 banner as the groups look to expand their country-wide footprint.
Danks has added the Victorian G Gay & Co hardware network to its group, acquiring three stores as part of the process.
Danks has acquired the business and assets of Tait Timber and Hardware in Victoria, which includes two stores located in Tooronga and Somerville.
Woolworths will wave goodbye to Graeme Danks, general manager of Danks, who will be retiring after 40 years in the hardware business.
In order to drive profitability and success for its Home Timber & Hardware and Thrifty-Link members, Danks has announced a new strategic direction.
Plants Plus Garden Centres will now have access to an ANZ EFTPOS, which has been tailored to provide maximum flexibility and return on investment.
Woolworths-owned hardware group Danks has acquired two hardware businesses â€“ Magnet Mart and Flatman's Timber & Hardware.
Joining from Australian Pharmaceutical Industries (API), Adnrew Toomey’s most recent role was Victoria and Tasmania state manager.
Located 25 kilometres southwest of Melbourne CBD, the 50,000 square metre facility will provide more than double the storage capacity of its existing distribution centres.
This will give its group members access to a business management system that will maximise efficiency and profitability of day-to-day business processes.
Danks has announced the appointment of Peter Richards and Evan Packer to two new positions – national retail operations managers.
Continuing to build on its strong trade focus, Danks has appointed Brendan Roberts to the position of trade business manager and Nick Hailey as business manager.
Danks has acquired the business and assets of Gunns retail division in Tasmania. The acquisition includes five hardware stores in Tasmania, one timber joinery centre, one truss manufacturing plant and a support office.
Metcash is planning a takeover bid for Mitre 10, aiming to acquire 100 per cent of the group in either 2012 or 2013 and become the 'champion of the independent hardware retailer'.
Woolworths' and Lowe's takeover bid for Danks will go ahead after clearance from the ACCC.
Woolworths has just announced it will be entering the $24 billion hardware sector with a recommended takeover of Danks Holdings Limited, Australia's second largest hardware distributor.