Thu, 31 May 2012 | BUSINESS SALE
Cash and carry food wholesaler Booker has agreed to purchase its struggling rival Makro UK from its German owner Metro in a cash and shares deal.
Booker has offered £15.8 million cash and a 9.99 per cent stake in its own business to Metro to secure the deal, which has a total value of £151 million. The two companies will work together to improve their supply chains and have a greater range of products for sale to customers.
Booker’s business, operating from 170 outlets with a workforce of 10,000, is derived from convenience stores, pubs, restaurants, schools and prisons, and will be boosted by access to Makro’s usual customers – hotels and smaller businesses.
Makro operates 30 stores in the UK with 3,000 staff and has a range of 29,000 products. Booker will also benefit from Makro’s popular fresh-fish business.
Makro recorded pre-tax losses of £63.2 million on revenues of £787 million. By contrast Booker, last week, filed a 27 per cent rise in its pre-tax profits to £90.8 million for the 53 weeks to 30 March. Sales had increased by nine per cent to £3.93 billion.
Booker boss Charles Wilson said: “Booker and Makro UK will improve choice, prices and service for retailers, caterers and SMEs throughout the UK.”
Adding that: “Together we will offer a wide range of foods and non-foods to our professional customers, via the internet, delivery and cash and carry.”
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.