Managers at BWG, the Irish distribution giant which owns the Spar and Mace franchises in the Irish Republic, and the Spar wholesaler for south-west England Appleby Westward, are expected to complete the purchase of the company from Electra Partners.
BWG chief executive Leo Crawford and his management team already own 15% of the company, and are reported to have teamed up with John Clohisey, a major owner of Spar stores in the Irish Republic who owns 20% of BWG, to buy out Electra's share in a deal that would value the group at e400m.
The group was sold by Pernod Ricard in 2002 after it decided to divest non core activities.
Long drawn out negotiations finally valued the group at about e220m and it has achieved major growth in the Republic since then.
Will Government proposals to ban the display of tobacco in retail premises damage the wholesale sector?
- 26 February, 2009
Bestway Performance Awards - 01 - 03 March, 2009
Convenience Retailing Show - 17 - 19 March, 2009
Today's Group Conference
- Booker branches to open for longer
- Costco opens its 18th UK warehouse in Sheffield
- Hancocks Lite range of sweets
- Jenks opens purpose-built complex in Milton Keynes
- Keep it sweet
- Christmas crackers
- FWD winners demonstrate gold standard
- Blakemore buys Tyne Tees Cash & Carry
- Costco opens new warehouse
- Nield Group bought by its management
