Hancocks, the UK’s biggest confectionery wholesaler, has acquired Bournemouth-based e-commerce business UK Sweets.
UK Sweets, which was profiled in the September 2015 issue of Wholesale News, is a £3m-a-year business which supplies confectionery – including a range of exclusive items – to the UK and export markets. It does most of its business online, although it also has a small cash and carry depot
Hancocks said the acquisition would help to strengthen and grow its e-commerce business.
“Our ecommerce venture has seen remarkable growth across both 2014 and 2015 with sales up more than 60% on previous years. Now, with the acquisition of UK Sweets we can take our e-commerce business to the next level to become and maintain the market leaders in online wholesale confectionery,” said Hancocks executive chairman Mark Watson. He added that increased buying power and new product ranges would benefit customers of both businesses.
Mark Coffin, co-founder and director at UK Sweets added: “We are delighted to join the Hancocks Holdings group. Both businesses share a vast amount of synergies however with several different products ranges and two separate websites the opportunities for the combined business are extensive.”
The Hancocks and UK Sweets websites will continue to run under their current names for the foreseeable future, Watson added.