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

Online Embroidery & Clothing Printers
Leicestershire, UK Wide

Fantastic growing embroidery and clothing printers company. This is a relocatable business opportunity. Extensive list of fixtures and fittings. Offers invited.

Asking Price: £249,000
Turnover: £559,810

RELOCATABLE


Play Centre with Restaurant
Manchester, UK Wide

Upmarket restaurant and play centre based in Manchester. Affluent trading area. Beautifully presented throughout. Management team in place. Newly equipped in 2018. Offers invited.

Asking Price: £699,950
Turnover: £624,000

Restaurant
Manchester, UK Wide

Popular restaurant located in Media City, Manchester. Located close to BBC offices. Good public transport links. Offers invited.

Asking Price: £275,000
Turnover: £416,000


View more businesses for sale

News Search

Latest News

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

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