News: MTS UPDATE 1-Australia's Metcash acquires three businesses for $363 million

(Adds details on deals)

Feb 5 (Reuters) - Australian supermarket wholesaler Metcash (MTS) said on Monday it entered deals to acquire three businesses for a total enterprise value of A$558.5 million ($363.47 million) for furthering diversification and growth.

The deal includes acquisition of private food services provider Superior Food Group for A$412.3 million.

		“Metcash is the logical owner of Superior Food, and the 
acquisition cements our position as the largest wholesaler and 

distributor of food to independent businesses in Australia," Metcash CEO Doug Jones said.

Metcash will also buy construction firm Bianco Construction Supplies and Frame & Truss operator Alpine Truss for A$82.2 million and A$64 million, respectively, it said in a statement.

The separate deals are expected to result in combined annualised synergies of A$19 million.

The company will fund the acquisitions via a fully underwritten A$300 million placement and A$278 million from existing cash reserves and existing available debt facilities.

($1 = 1.5366 Australian dollars)