Booths snaps up supplier
Booths, the high quality supermarket chain, has bought a large share of one of its suppliers in a bid to firm up its supply chain.[caption id="attachment_24949" align="f-align-medium-right f-align-center" width="240"] Edwin Booth[/caption]
For an undisclosed sum, Booths has bought the Preston buildings and operation of wholesale fruit and veg firm Sharrocks, whilst a new company has been formed to handle all non-Booths activity, which accounts for around 40 per cent of trade.The two companies, both family firms with long legacies, have worked together for more than four decades. Sharrocks director Graham Eastham will join the Booths management team when the transaction takes place on December 1.
It is the first time Booths has acquired a supplier in its 166 year history.Edwin Booth, chairman of Booths, said: “We have worked closely with the Eastham family for many years and we know they share the same ethos and values when it comes to supplying customers with quality produce.
"We pride ourselves on the strong relationships we have with all our suppliers and this acquisition will enable us to be even closer to our fruit and vegetable producers, creating a more transparent supply chain. “Booths said it will take on as many Sharrocks employees as possible. The possibility of redundancies had not yet been ruled out. Booths was advised by a team from Napthens Solicitors including Keith Melling and Robert Dobson, head of Employment Chris Boyle, and commercial property specialist Andrew Ferguson.