Franchising.net.au:
Danks has taken a further step in the expansion of its business in the retail market with the acquisition of the Magnet Mart business and Flatman’s Timber & Hardware.
Magnet Mart, which comprises five stores in New South Wales/ACT, and Flatman’s Timber & Hardware, with two stores in Victoria, will join Danks’ growing portfolio of company-owned stores which includes the successful acquisition of the Gunns and Becks stores in Tasmania in May 2010.