Morris & Son is eyeing up further acquisitions to add to the two sweet manufacturers it bought just two months ago.
The residual specialist wholesaler acquired confectionery manufacturer Stockley's Sweets in November, to expand its range of products for small and independent retailers, followed by sugar-free sweets manufacturer Sweet Luxuries a month later.
The company plans to hit the acquisition trail again later this year, according to MD Andy Needham.
"The key thing about both the businesses is that they're not just assets," he said. "They've got strong management teams in place. They've also got a strong customer base, which will introduce us to all parts of the industry."
Morris & Son, which supplies goods to the discount food sector, had its most successful trading period in recent years in 2009, with turnover topping £13.5m, Needham added.
The demise of Woolworths has benefited the business. "Stockley's came on the market because its parent company fell into administration with bad debts from Woolworths and our customers have gained trade from Woolworths," he said.
The residual specialist wholesaler acquired confectionery manufacturer Stockley's Sweets in November, to expand its range of products for small and independent retailers, followed by sugar-free sweets manufacturer Sweet Luxuries a month later.
The company plans to hit the acquisition trail again later this year, according to MD Andy Needham.
"The key thing about both the businesses is that they're not just assets," he said. "They've got strong management teams in place. They've also got a strong customer base, which will introduce us to all parts of the industry."
Morris & Son, which supplies goods to the discount food sector, had its most successful trading period in recent years in 2009, with turnover topping £13.5m, Needham added.
The demise of Woolworths has benefited the business. "Stockley's came on the market because its parent company fell into administration with bad debts from Woolworths and our customers have gained trade from Woolworths," he said.
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