Hancocks, the specialist confectionery wholesaler has joined the Today’s Group, it was announced this morning.
With a turnover in excess of £130m. Hancocks specialises in the wholesaling of confectionery to independent retailers and other businesses, and offers in excess of 5,000 branded and own label products in each of its 20 sites, stretching from Dundee to Portsmouth.
In addition to its Cash and Carry business, Hancocks also own a rapidly growing online wholesale business, together with the “World of Sweets” distribution business.
Hancocks Cash and Carry was established in 1962 when Ray Hancock and his wife Liz began wholesaling confectionery from their UK sweet shop in Shepshed near Loughborough. The cash and carry business soon grew, moving to new premises three times prior to 1970. Today, Hancock’s head office is located on Jubilee Drive in Loughborough, still close to the origins of the company with the Loughborough Cash and Carry depot next door.
Mark Watson, Hancococks’ executive chairman commented, “It was a big decision for us to join a buying group after operating independently for 54 years, however, in Today’s Group we feel we have found a perfect partner to work with in the future to help the whole group benefit from the substantial buying power it will now have. The team at Today’s Group are like minded individuals to my team and we look forward to working much closer with the team and the Group’s existing wholesaler members”.
John Schofield, acting MD of Today’s Wholesale Services Ltd said: “We welcome Hancocks to the Today’s family. Our buying group was founded by like-minded independent entrepreneurial businesses joining together for the benefit of all. In the current market where consolidation is a fact of life, the benefits of being part of a larger group and leveraging the scale whilst still being able to deliver the unique proposition and passion that drives independent businesses is more important than ever”.