Grocery wholesaler Metcash is stepping up its game in the competitive hardware sector.

The business currently holds a 50.1% stake in DIY network Mitre 10 and will purchase the remainder of the chain if the DIY retailer’s financial performance for the year to June 30 meets expectations.

The acquisition will set it up to take on rivals Woolworths-owned Masters and Coles’ Bunnings specialist operations.

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