CJ Lang has completed its acquisition of Spar retailer AM Landsburgh.
The wholesaler will take on 10 Spar stores in Dundee and Fife, upping its company-owned estate to 105 stores.
Managing director Scott Malcolm said the investment demonstrated CJ Lang’s commitment to Spar following the disposal of its Martex cash & carry division in November.
“This acquisition rounds off what has been a very positive year for us in terms of strategic refocus,” he said. “Disposing of a non-core business has been pivotal in allowing us to estate.”
Malcolm added: “We are grateful to the Landsburgh family, with whom we have enjoyed a highly valued trading relationship over many years and who have been fantastic supporters of the Spar brand.
“Our immediate priorities are to ensure a seamless integration of the business and assess store development opportunities, which will involve further investment.”
CJ Lang recruitment drive continues with AM Landsburgh deal (9 April 2011)
CJ Lang profit stable despite sales slipping (5 February 2011)