Grocery wholesaler Metcash is still confident its $215 million purchase of Franklins supermarkets will increase annual sales by over $500 million, after completing the takeover deal.

Metcash said the transaction with Franklins owner Pick n Pay, which includes 80 Franklins supermarkets and supply to 10 franchised stores, was now complete.

Further details on the ongoing financial impacts of the deal will be provided when first half results are announced in November, Metcash said in a statement on Friday.

Metcash’s acquisition of Franklins was delayed by legal action brought by the Australian Competition and Consumer Commission (ACCC).

The ACCC unsuccessfully argued Metcash would have an effective monopoly on grocery wholesaling to independent supermarkets in NSW after the takeover.

The ACCC appealed and sought an injunction with the Federal Court to delay the takeover during the appeal process, after Metcash said it would go ahead with the deal anyway.

But the court dismissed the ACCC’s application for the injunction, allowing Metcash to complete the Franklins purchase.

The ACCC’s appeal is still pending and will be heard on October 24.

An ACCC spokesman said the regulator remained “committed to the appeal process.”

Metcash chief executive Andrew Reitzer on Friday reiterated the takeover will benefit consumers and independent retailers in NSW, and said the IGA network had grown its market share in the state from 11 per cent to 17 per cent.

Metcash shares gained one cent to close at $4.11.