Bunnings invests in Colac business

Colac’s Home Hardware store in Bromfield Street will become a Bunnings.

Colac’s Home Hardware store in Bromfield Street will become a Bunnings.

HARDWARE giant Bunnings is set to take over Colac’s Home Hardware store, with the company offering existing employees ongoing positions.

Bunnings has reached a conditional agreement to buy the Bromfield Street Home Hardware store, and plans to begin trading August 1.

Bunnings director of operations Michael Schneider said the deal formed part of his company’s continued investment across Victoria.

“We see great potential in the regional Victorian home improvement and building markets and expanding our network into new areas is a key priority for us,” he said.

Colac’s Home Hardware employs about 30 people, and Mr Schneider said Bunnings would offer those employees employment with the new store.

A Bunnings spokeswoman said the company would consider whether it maintained existing contracts with Colac district suppliers in the next “couple of months”.

Bunnings is Australia’s largest household hardware chain, with more than 320 locations in Australia and New Zealand.

“Bunnings is excited to be able to bring a wider range of new products and services to the south-west region of Victoria,” the spokeswoman said.

“Community groups will also benefit from the introduction of the well-known Bunnings Community Sausage Sizzles each weekend,” she said.

“Bunnings expects that the store will be re-branded and transformed into a Bunnings smaller format store by the 1st of August 2015.”

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