John Danks & Son (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.
As part of the acquisition, Danks will make offers to retain all employees of the Gunns business including support staff and management.
Gunns’ decision to divest its retail assets presented Danks with a unique opportunity to develop our retail store network and strengthen our wholesale offer in Tasmania,” said Graeme Danks, general manager of Danks.
“This acquisition will enable us to introduce additional choice, value and service to the local sector, as well as helping to continue the employment of 283 people.”
In a separate arrangement, Danks has agreed to acquire the Becks timber and hardware business. All Becks employees will receive offers of employment.
Danks is a wholly owned business of the home improvement joint venture between Woolworths and Lowe’s Companies.