Wholesaler Eightacre and residual stock specialist Rowan International have been snapped up for an undisclosed sum by a specially formed buying consortium.
The team comprises Rowan International partners and directors Alan Saywell and Roger Green and former Eightacre founders Alan Littmoden and Paul Tissiman.
Eightacre reported sales of £42m in The Grocer’s Big 30 survey in January. Rowan International is a much smaller player, specialising in health and beauty products.
The companies, merged as the Rowan Group, will be a leading force in European residual product management with sales of £50m.
Both companies specialised in the controlled distribution of surplus stock outside regular channels, with Eightacre focusing on food and drink.
The team comprises Rowan International partners and directors Alan Saywell and Roger Green and former Eightacre founders Alan Littmoden and Paul Tissiman.
Eightacre reported sales of £42m in The Grocer’s Big 30 survey in January. Rowan International is a much smaller player, specialising in health and beauty products.
The companies, merged as the Rowan Group, will be a leading force in European residual product management with sales of £50m.
Both companies specialised in the controlled distribution of surplus stock outside regular channels, with Eightacre focusing on food and drink.
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