AF Blakemore & Son has completed its purchase of fellow Spar wholesaler Capper & Co.
All of Capper’s 2,418 staff will join the enlarged business, which will serve 1,096 Spar stores. The takeover will take the turnover of the combined wholesaler to £1.1bn.
Capper will trade as a separate division of Blakemore, with Capper chairman Bill Capper and MD Robert Upton joining Blakemore’s board of directors.
“This is a great opportunity to bring two long-established, family-owned businesses together and allow us to move forward in the growing UK convenience store sector,” said Blakemore group MD Peter Blakemore.
“The two businesses currently operate in regions adjacent to each other and this will allow for many benefits to be realised, particularly in areas of trading and distribution.”
He added: “Both companies will bring examples of best practice and the aim is to identify the best of both businesses to create one great organisation.”
Bill Capper said the deal was “the right way forward for Capper & Co”.
New Spar MD is ‘Good with Food’ marketeer Robinson (14 March 2011)
Blakemore ‘poised to snap up Capper & Co’ (26 February 2011)
Spar wholesaler Capper in talks over sale (21 February 2011)