chain . for the new zealand chain see mitre 10 new zealand . for the rugby union competition sponsored by the new zealand company see mitre 10 cup . mitre 10 australia pty. ltd. type subsidiary industry retail trade building supplies genre hardware founded 1959 in melbourne victoria australia founder tom molomby tom danaher reg buchanan jack womersley ian nisbet headquarters hallam melbourne victoria australia number of locations 366 2015 area served australia key people mark laidlaw ceo products timber hardware housewares retail trade plumbing farm fencing products trade electrical supplies hand and power tools kitchen and bathroom paint garden and outdoor products services painting tool sharpening pool water testing diy workshops revenue a 1.06 billion 2009 1 operating income a 371.6 million 2009 2 number of employees 16 500 2 parent metcash website http www.mitre10.com.au mitre 10 is the trading name of an australian retail and trade hardware store chain . operations are based on a co operative system where the store owners are members of the national group and each has voting rights . the chain name references the mitre joint but was inspired by the mitre tavern in melbourne . 3 there are over 400 mitre 10 and its associated true value hardware franchises throughout australia . contents 1 history 2 store types 3 references 4 external links history edit mitre 10 solutions store with the older mitre 10 logo in wagga wagga new south wales mitre 10 store with the current mitre 10 branding in dubbo new south wales mitre 10 mega and trade centre pakenham victoria the move to set up a co operative group of hardware stores originated from a meeting held in victoria in june 1959 with five men who would become mitre 10 s founding fathers tom molomby tom danaher reg buchanan jack womersley and ian nisbet . the meeting took place in the mitre tavern 4 and the group eventually hoped to build things up to ten stores so they decided to call the company mitre 10 . 3 this move occurred specifically to maximise funds and energy with regards to advertising and promotions and to demonstrate that independent operators offered service advice and competitive prices . citation needed the new company soon expanded operations with fifteen new south wales members joining the group by february 1961 . queensland soon followed with seven retailers under the chairmanship of arthur scurr joining the cooperative in january 1962 followed by a further sixteen members from newcastle in october the same year . with the company successfully operational in the three eastern states of australia by the end of 1962 south australia and western australia soon started running their own state based co operatives and attention turned to crossing the tasman . 3 in june 2004 mitre 10 australia opened its first destination hardware or big box chain at beenleigh queensland . 5 in late 2008 woolworths limited and mitre 10 australia held talks on the potential acquisition of the company . the australian financial review reported that mitre 10 australia had held talks with other companies since beginning to find a major buyer or investor although in early 2009 woolworths decided the company structure was too complex for a takeover . mitre 10 australia is believed by whom to be in talks when with metcash trading supplier of iga and various liquor stores ; analysts which say metcash had been on lookout for a fourth pillar for some time to add to its operations and that mitre 10 may be perfect . 6 in late 2009 mitre 10 australia announced that they were searching for a major investment or buyer . on 27 november metcash asx mts released a statement to the asx with a proposal for metcash to take 50.1 % in the mitre 10 hardware group for a 55 million cash injection.the deal proposed giving metcash the right to buy the remaining 49.9 % in the company at the end of 2012 or 2013 with an amount based on the earnings . mitre 10 australia would remain a standalone entity headed by mark burrowes . in march 2010 98 % of mitre 10 australia shareholders voted in favour of the metcash bid . 7 metcash acquired the rest of mitre 10 in 2012 . 8 store types edit mega is mitre 10 s destination hardware or big box chain designed as a one stop shop for big projects to compete with bunnings warehouse . the main focus of the mega is customer service it markets itself as all the help you need stores have customer service attendants stationed in different departments of the store i.e. plumbing trade building supplies timber paint the majority of these have a trade qualification . 9 mitre 10 australia opened its first mega in june 2004 at beenleigh queensland . 5 in 2007 seven mega stores operated across australia one in queensland one in south australia and five in victoria mitre 10 australia originally had planned to have 50 mega stores open or have store owners renovate from other store types across the country in metropolitan and regional hubs by the end of 2009 . 10 as at august 2009 three stores have closed . the ringwood victoria store closed due to financial difficulty with the store employing over 130 people 11 while the campbellfield victoria store was closed in march 2009 due to the building having structural problems the store employed 54 people with the closure staff were redeployed to other stores . 12 the modbury south australia mega store was bought by wesfarmer s bunnings warehouse in january 2007 the store employed 100 people . 13 14 hardy s mitre 10 mega in pakenham victoria being the only store redeveloped from a smaller mitre 10 home and trade store still trading with plans to expand . 15 the mega store in lilydale victoria closed in late 2009 being the last mitre 10 australia corporate store . mitre 10 stores are painted in the traditional blue and white livery as mitre 10 stores are all privately owned operators have the option of adding concepts to their store such as a dedicated gardencentre or tradecentre . petries mitre 10 orange new south wales dahlsens mitre 10 bairnsdale victoria clennett s mitre 10 mornington tasmania walker s mitre 10 kalamunda western australia pink s mitre 10 clare south australia references edit mitre 10 australia s revenue increased mitre 10 australia ltd profile report 09 10 . ibisworld.com.au . retrieved 25 october 2010 . a b c mitre 10 history superbrands australia . superbrands brands.com . 20 june 1974 . archived from the original on 6 april 2009 . retrieved 25 october 2010 . cite error invalid ref tag ; name history defined multiple times with different content see the help page . compare company history . mitre 10 . mitre10 . retrieved 2015 08 30 . it was on 29 june 1959 that our founding fathers met in reg buchanan s home in balwyn victoria where they made the historic decision to form a hardware building supplier group . a b speedy blair . mitre 10 nails down its mega battle with bunnings the australian 17 sep 2004 . retrieved on 28 aug 2009 . metcash a potential suitor for mitre 10 . insideretailing.com.au . 19 september 2008 . retrieved 25 october 2010 . aap 12 march 2010 . mitre 10 approves metcash deal . inside retailing . retrieved 12 march 2010 . metcash completes mitre 10 takeover 15 % mitre 10 staff are tradies . hardwarejournal.com.au . retrieved 25 october 2010 . mitre 10 selects pronto software for erp solution for new mega stores archived 2 february 2014 at the wayback machine . mitre 10 megastore comes to ringwood maroondah leader . google . au . retrieved 25 october 2010 . luvara laura 24 february 2009 . campbellfield mega closes doors . hume.yourguide.com.au . retrieved 25 october 2010 . quast james . modbury job boost leader messenger 2004 11 3 . retrieved on 28 november 2009 . regulator reviews bunnings acquisitions of major competitor . accc.gov.au . retrieved 25 october 2010 . mitre 10 mega pakenham expansions coming . hardwarejournal.com.au . retrieved 25 october 2010 . external links edit wikimedia commons has media related to mitre 10 . mitre 10 australia pty ltd. mitre 10 online shop v t e metcash limited supermarkets iga supa iga iga iga x press iga foodland iga fresh friendly grocer liquor retail cellarbrations iga liquor the bottle o the bottle o neighbourhood liquor wholesale alm harbottle on premise allied liqour home improvement danks home timber and hardware plants plus thrifty link hardware mitre 10 mitre 10 true value hardware former divisions autobarn how to manage this template s initial visibility to manage this template s visibility when it first appears add the parameter state collapsed to show the template in its collapsed state i.e. hidden apart from its titlebar e.g. mitre 10 state collapsed state expanded to show the template in its expanded state i.e. fully visible e.g. mitre 10 state expanded state autocollapse to show the template in its collapsed state but only if there is another template of the same type on the page e.g. mitre 10 state autocollapse unless set otherwise see the state parameter in the template s code the template s default state is autocollapse . retrieved from https en.wikipedia.org w index.php title mitre 10 & oldid 742378462 categories australian company templatessupermarket templateshome improvement companies of australia1959 establishments in australiaretail companies established in 1959building materials companies of australiaretailers cooperativeshidden categories pages with reference errorspages with duplicate reference namesarticles with wayback machine linkspages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements from august 2015articles with specifically marked weasel worded phrases from august 2015vague or ambiguous time from august 2015all articles with specifically marked weasel worded phrasescommons category with local link same as on wikidatause dmy dates from october 2010use british english from october 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages add links this page was last modified on 3 october 2016 at 10 07 . text is available under the creative commons attribution sharealike license ; 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