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Powerhouse, the electrical retailer, has been bought out of administration by Pacific Retail Group of New Zealand, and PRG expects to secure 2,000 jobs and open about 50 new outlets.
Powerhouse is planning to open up to 30 Homebase concessions over the next 12 months.
Powerhouse Holdings, the electrical appliances retailer, is planning to expand its chain of superstores from 39 to 50 and then hopes to undergo a flotation next year.
Powerhouse is planning to open a further six electrical superstores this year with a stronger focus on white goods, creating about 100 jobs.
Hanson is buying the Powerhouse electrical retailing business from Southern Electric, Eastern Group and Midlands Electricity.