Bestway cash and carry

Bestway is buying Sher Bros

Bestway has acquired Glasgow-based wholesaler Sher Bros for an undisclosed sum.

The cash & carry giant said the deal was completed yesterday evening following “lengthy discussions”. These talks are understood to have been ongoing since before Christmas.

Bestway said Sher Bros’ depot would become part of its Batleys Scotland division, with dual Bestway Batleys branding.

“Bestway is continually looking at expanding our business whether that is through the investment in new sites or through acquisition,” said MD Younus Sheikh.

“The purchase of Sher will give the Batley brand a presence in the heart of the city as well as the depot in Cambuslang – which is showing impressive double digit growth in 2014 – and demonstrates the Bestway Group’s commitment to Batleys and Scotland.”

And he added: “Sher Bros has been a great wholesale institution over the years and we are confident that under the Batleys brand, we can develop the business both among existing and new customers.

“Batleys Scotland will now undertake a strategic review of the Sher Cash & Carry business and we would like thank all the staff who have contributed to the business and look forward to working with them in the future.”