Leading confectionery wholesaler Hancocks Cash & Carry has joined Today’s Group.
After operating independently since opening in 1962, Hancocks has joined the group to harness more buying power.
Since acquiring confectionery company JTS in 2014, Hancocks increased turnover to over £130m and has the largest range of sweets and chocolates in the UK, with more than 5,000 SKUs.
“It was a big decision for us to join a buying group after operating independently for 54 years. However, in Today’s Group we feel we have found a perfect partner to work with in the future to help the whole group benefit from the substantial buying power it will now have,” said Hancocks executive chairman Mark Watson.
“The team at Today’s Group are like-minded individuals to my team and we look forward to working much closer with the team and the group’s existing wholesaler members.”
Alongside the cash & carry, Hancocks also operates the ‘World of Sweets’ distribution service and an online wholesale business that is growing rapidly.
“We welcome Hancocks to the Today’s family,” said Today’s Group acting managing director John Schofield.
“Our buying group was founded by like-minded independent entrepreneurial businesses joining together for the benefit of all. In the current market where consolidation is a fact of life, the benefits of being part of a larger group and leveraging the scale whilst still being able to deliver the unique proposition and passion that drives independent businesses is more important than ever.”