Appleby Westward, the Saltash-based regional distribution company servicing SPAR stores in the south west, yesterday (Monday) announced the completion of the acquisition of Gillett’s (Callington) Limited, the trading business of Gillett’s Holdings Limited.
Appleby Westward acquired the business for an undisclosed sum and plans to operate Gillett’s 63 SPAR stores, located throughout Cornwall, Devon, Dorset, Somerset and Wiltshire, as company-owned stores.
Mike Boardman, Managing Director of Appleby Westward, said: “We are delighted to have concluded the acquisition of this very robust family business with its excellent platform of very well-run SPAR stores.”
Alan Cookson, Director of Gillett’s (Callington) Limited, said: “This is a very good deal for both parties. We have worked successfully in partnership with Appleby Westward since our business was founded 32 years ago and we are especially pleased that the stores will remain part of the SPAR network.”
The Gillett family were advised on the transaction by PKF Francis Clark (Paul Crocker, Nick Tippett, Gordon Fox) and Bond Dickinson (Tom Fitzpatrick, Sammy Hill).