Provider Cash & Carry bought by Manchester firm
Blackburn-based Provider Cash & Carry Ltd has been sold to Supreme Ltd for an undisclosed sum.
Provider primarily supplies discount retailers, wholesalers and convenience stores, though export sales having become a more prominent part of the business in recent years.
Supreme is based in Trafford Park, Manchester, and is a distributor of battery and lighting as well as specialisinh in e-cigarettes and vaping.
The founding shareholders, Andrew and Carol Cockburn, said: “Growing and developing Provider has been our lives for the past 30 years and we knew that now was the right time to pursue other business opportunities. It’s a big step for us but we are happy that Supreme has a vision for the firm that will see it expand over the long-term.”
Jim Akrill, corporate finance partner at PM+M, advised Andrew and Carol on key elements of the transaction including sourcing the buyers and on all corporate finance advice matters.
A team from Napthens’ East Lancashire office, led by Richard Robinson, advised on legal matters. The deal was funded internally by Supreme.
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