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.”
This opportunity represents the acquisition of an esteemed art gallery established in 2018, which has become a prestigious cornerstone of the contemporary ceramics industry. Operated from a spacious and well-located premises in an affluent area of Lo...
LEASEHOLD
A fantastic opportunity to acquire a stabilised, high-performing asset with significant reversionary potential. This unique investment includes both a thriving self storage business and the freehold of the entire site, offering substantial upside thr...
This is a unique opportunity to acquire a leading Mechanical, Electrical, and Public Health (MEP) design consultancy specialising in science-driven building services for both private and public sector clients.
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.