Palmer & Harvey McLane is forging ahead with plans for the business, putting speculation over a buyout by Key Lekkerland down to “a frisson of excitement”.
Executive chairman Christopher Adams this week told The Grocer there was bound to be speculation after the recent Baugur takeover of Big Food Group, which owns the Booker wholesale chain. Although he would not categorically deny the rumours, Adams said P&H was pressing forward with a long-term business plan formulated last year, aiming to grow each of the six sections of the business and run them more economically and effectively.
The wholesaler, ranked top in The Grocer Big 30 wholesalers, has also won a contract starting within the next year to supply a range of grocery products under a manufacturer distribution deal.
Despite the decimation of phone card sales taking its toll on the business, Adams said he was positive about the future, although not expecting any growth this year.