Tue, 12 Sep 2023 | BUSINESS SALE
Huddled Group has acquired the UK trading assets and stock of Motatos, following the company's decision to exit the UK market. Swedish-based D2C (direct-to-consumer) e-commerce retailer Matsmart-Motatos has decided to exit the UK with immediate effect in order to focus on its core markets in the DACH and Nordic regions.
Motatos is dedicated to tackling global food waste and sells food and other consumer products that are at risk of being wasted at discounted prices. The firm launched in the UK in June 2022 and generated a strong position in the market, with around 10,000 new customers signed up each month and over 1,000 tonnes of food and consumer products recirculated alongside its customers and suppliers.
Huddled Group, the owner of Discount Dragon, has acquired the firm’s UK business for an undisclosed sum. The acquisition is seen as complementary to the Discount Dragon brand, which also sells short-dated or surplus stock.
Describing the businesses as a “natural fit”, Huddled Group Chairman Martin Higginson said: "At a time when consumers are struggling with the cost of living and looking to seek better value, we believe we are well positioned to offer everyday essentials at heavily discounted prices to the mass market."
Motatos Chief Executive Peter Beckius added: "As a zero waste business, it is of course important to us to make sure that the food and household products we have in stock will not be discarded, but find their way to the market and eventually peoples' homes.”
"We also leave hoping that the UK food sector will keep working towards zero waste. It is an important battle to win, for the planet and for peoples' wallets."
Read about M&A trends in the online businesses sector
Find out the latest on retail M&A
Established in 1998, this designer children's boutique represents the pinnacle of independent retailing in the Midlands, situated prominently on Leicester High Street. Offering an extensive array of designer children's clothing from over 30 esteemed...
LEASEHOLD
Established in 1997, this is a reputable family-run business specialising in designing, sourcing, and installing premium kitchens and bathrooms, with some involvement in bedrooms as well. Situated in an affluent area of Surrey, the business has garne...
LEASEHOLD
Established 18 years, the business has built an excellent reputation for first class service and quality clothing. Most customers of the boutique live within a 70 mile radius, thus the boutique has long been a destination boutique. Customers also com...
LEASEHOLD
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.