Spar’s wholesaler owner to consider sale and break-up

Wed, 09 Aug 2017 | BUSINESS SALE

International retail chain Spar could be heading for a break-up as its owner considers selling its wholesale arm in a deal worth £100 million.

AF Blakemore, the group that supplies many of Spar’s UK locations, is examining the possibility of selling its wholesale business after hiring financial advisers at KPMG to explore a deal.

The 100-year-old family business began in a single shop in Wolverhampton and is chaired by Peter Blakemore.
The Telegraph reports that Bestway, currently UK’s fifth largest wholesaler, has expressed an interest in buying the business to boost its profile in a market that is changing rapidly.

While Bestway currently boasts annual sales worth £2.5 billion, other players are quickly entering the wholesale market: Tesco recently took over Booker, one of Bestway’s rivals, in a £3.7 billion deal that was described by Bestway's managing director, Martin Race, as "painful" for the rest of the sector.

That move in turn has made waves in the wholesale sector, including urging Morrison’s to sign a deal to supply another convenience chain, McColl’s.

AF Blakemore itself made sales of £1.3 billion last year but only brought in £7.6 million pre-tax profits, indicative of the industry’s small margins.

The firm operates 13 cash and carry depots across the UK, with a head office in Wolverhampton Science Park.

Spar itself owns 290 retail branches around the country, while AF Blakemore supplies more than 1,000 Spar convenience stores including franchised locations.

AF Blakemore splits its ownership of Spare with four other regional distributors located in England.

Subscribe to Business Sale Report here.


Share this article



Latest Businesses for Sale

Pharmacy
Cambridgeshire, UK Wide

Long established community pharmacy. First time on the market in 30 years. Now occupying exemplary new purpose built accommodation. Standard hours. Offers invited.

Asking Price: Offers Invited
Turnover: £885,000

LEASEHOLD


Creative Consultancy & Interior Design Solutions
UK Wide

Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...

Asking Price: Offers Invited
Turnover: £873,000

RELOCATABLE


Health Centre Pharmacy
Devon, UK Wide

Unopposed health centre pharmacy. Semi-rural location. In receipt of Pharmacy Access Scheme payments. Offers invited.

Asking Price: Offers Invited
Turnover: £845,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

 
21
 
Jan
 

MBO at Newcastle market research company | MBO/MBI

Newcastle-based market research company Explain Market Resea...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

 
21
 
Jan
 

MBO at Newcastle market research company | MBO/MBI

Newcastle-based market research company Explain Market Resea...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources