Supermarket chain Booths has completed the takeover of a major Preston wholesaler.
The Lancashire-based chain completed a move to takeover fourth generation family-run fruit and vegetable supplier Sharrocks earlier this week.
Under the deal, Booths have taken over the existing Sharrocks operation and building, with the remaining non-Booths business being handled by a new Sharrocks company.
As part of the acquisition, all employees based at Sharrocks’ Riversway site were offered either an alternative position at Booths or to continue in their existing position. The majority of employees have transferred over to Booths, with 33 employees transferred to the new Sharrocks company, headed by finance director Paul Whittle.
A total of 14 employees were redeployed to alternative roles and three took voluntary redundancy.
Graham Eastham, director of Sharrocks has joined the Booths management team. The acquisition will expand Booths’ current manufacturing capacity as Sharrocks’ current premises will become part of Booths in addition to its facilities at the Bluebell Way premises, Preston.
Booths Chairman, Edwin Booth, said; “This is our first acquisition of a supplier in our 166 year history. We’re looking forward to integrating teams across our businesses and establishing closer and more direct links with our suppliers creating a more transparent supply chain. Farmers and growers are key to Booths, and now we are one step closer to them.”
Sharrocks has worked with Booths for more than 40 years, as well as supplying and distributing fruit and vegetables to other independent retailers.