Midlands-based wholesaler Hyperama Cash & Carry is to open its third depot, as part of a £3m injection into the business.
Trading is set to start at its 55,000 sq ft Peterborough site this autumn, with construction well under way.
The cash and carry operator is a member of the Landmark buying group and is ranked 23rd in The Grocer’s Big 30 UK wholesalers. Its new site will join existing depots in Nottingham and West Bromwich and will stock 20,000 lines focusing on fresh, chilled, frozen, ethnic and licensed goods.
Commenting on the expansion, MD Robert Lowe said: “After two years of consolidation we are happy to announce this multi-million-pound investment in a third Hyperama depot. Our research indicates there is a great deal of development potential in the area. It is particularly strong for all of our customer profiles.”
Lowe added that a recent investment in IT had helped the company reduce its overheads by 25%, allowing it to pass savings on to its customers.
The new depot will be run by former Booker managers Gary Love and Roger Pleasants, both of whom had previously been in charge of the Booker depot in Cambridge.
One of the UK’s oldest salmon curers and suppliers claims time is running out as the London Olympics threaten to shut it down. H Forman & Son will be evicted from its factory in the East End within two years to make way for the Olympic stadia. It said the London Development Agency had yet to find it a suitable site. But the LDA said it was tailoring support packages to meet the needs of all 284 businesses in the Stratford area earmarked for Olympic development.

More than 40 workers at frozen food specialist CFH Ltd are to be made redundant after the company announced a re-structuring. Production at its Oxfordshire site will be terminated with all operations transferred to Wrexham in North Wales by September 16.

Sainsbury is set to end its high profile petrol promotion. The offer to save 5p per litre of fuel when shoppers spend £50 or more will finish on August 31. It has been running since July 27 when the average price of unleaded soared to over 90p/l.

Unilever is rumoured to be reviewing its frozen food business. Reports suggest that the Anglo-Dutch consumer goods giant has asked investment bank Goldman Sachs to explore options for the division.

Upmarket London convenience retailer Hudson’s is to open its third store, at Commodore House, a new 13-acre riverside development at Battersea Reach in December.

Heinz has reported a 19% fall in first-quarter profits and flat sales in Europe. Heinz said the performance of its non-core frozen foods business in the UK had, in part, also led to a 3% decrease in volume.
Olympics threat
40 jobs to GO
Petrol offer ends
Unilever review
Third Hudson’s
Heinz profits drop