Booker completes acquisition of Budgens and Londis

Booker this afternoon (September 14) announced that it had completed the acquisition of the assets of Musgrave Partners GB, including Londis and Budgens.

The £40m cash deal, which was announced in May, has cleared regulatory hurdles and received shareholder approval.

Londis has 1,630 symbol and convenience stores, and sales in the year to December 2014 were £504m, while Budgens, which operates on a franchise model and comprises 167 larger, upmarket stores, had sales of £329m in 2014.

It is thought that the Londis and Budgens fascias and own-brands will remain, although Booker – whose CEO Charles Wilson told Wholesale News back in June that it was “not in the business of competing with our own customers” – will probably sell off any company-owned stores.

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