Spar wholesale business A.F. Blakemore has acquired fellow member of the convenience retailer, Capper & Co, in a deal confirmed today.
Combined the businesses employ a workforce of 7,990 people at 1,096 stores with annual turnover of £1.1 billion, making it the largest Spar wholesaler in the UK.
Capper & Co will trade as a separate division of A.F. Blakemore, with Capper Chairman Bill Capper and Managing Director Robert Upton joining the A.F. Blakemore’s board of directors.
A.F. Blakemore’s Group Managing Director Peter Blakemore said: “This is a great opportunity to bring two long established, family-owned businesses together and allow us to move forward in the growing UK convenience store sector.
“A.F. Blakemore and Capper & Co are similar companies that already have a shared history and a common set of values.
“The two businesses currently operate in regions adjacent to each other and this will allow for many benefits to be realised, particularly in areas of trading and distribution.”
Spar underwent significant change earlier this month with the announcement of Debbie Robinson as its new Managing Director.
Capper announced major changes of its own only five months ago when it made three new additions to its management team, with growth in the company necessitating an increase in senior staff.
Commenting on today’s announcement Bill Capper said: “I believe that integration with A.F. Blakemore & Son is the right way forward for Capper & Co. It will strengthen Spar in the UK and bring many opportunities and benefits to the business.”