Britain's favourite fresh produce magazine since 1895

By Fred Searle

Wednesday 2nd August 2017, 12:56 GMT B&M buys convenience chain Heron Foods

Discount retailer buys east Yorkshire- based grocery retailer in �152m deal with Heron Foods has 251 stores across northern plans to launch a discount convenience and the Midlands Photo: Heron Foods grocery brand

onvenience grocery chain Heron B&M plans to expand the Heron business, market, with buying convenience C Foods has been bought by adding 10 to 20 new stores a year, according store operator Booker in January and discount retailer B&M in a deal to Hull Daily Mail. agreeing a long-term supply deal worth up to £152 million. with McColl’s on Monday this week. B&M is reported to have paid Heron Foods The Melton-based family firm, which £112.1m today, with a further £12.8m to be David and Andrew Heuck, who manage and operates 251 stores across the north of added depending on the company’s own Heron Foods with their brother England and the Midlands, sells ambient, financial performance up to the end of Michael, told Hull Daily Mail: “We are frozen and chilled foods, including frozen March 2019. delighted to be joining forces and working fruit and vegetables, while B&M sells a wide with B&M. variety of products, including furniture, Commenting on the deal, B&M’s chief household appliances and toys. executive Simon Arora said: “B&M is “Both companies share a vision to bring already the UK’s leading general great value to customers and the B&M said it planned to develop and launch merchandise discount retailer, serving four combination of Heron’s skills with the a “discount convenience grocery brand” million shoppers per week. expertise and resources of B&M will mean following the acquisition, the Financial the creation of a potent new force in the Times reported. The chain added that “The addition of a complementary, proven structurally growing convenience sector. convenience stores were a growth area in discount convenience grocery brand to our the grocery business, but said premium own structural growth story gives the “Today’s transaction secures for Heron’s pricing had driven much of this growth. combined business an even longer, exciting loyal and hardworking workforce a perfect growth runway.” long term home within the B&M Group and Alongside Heron’s management team, provides an exciting platform for the roll- The deal follows other recent acquisitions out of more Heron stores nationally.” in the convenience food

http://www.fruitnet.com/americafruit/article/1474/parts-of-san-diego-quarantined-as-psyllid-count-mounts

© Copyright Market Intelligence Ltd - Fruitnet.com 2014. The copyright on this article and all content published on Market Intelligence Ltd - Fruitnet.com is held by Market Intelligence Ltd - Fruitnet.com Limited, a joint venture between Market Intelligence Limited and Dr Rolf M Wolf Media GmbH. All rights reserved. Neither this article nor any part of it may be reproduced, stored or transmitted in any form, including print- outs, screen grabs and information retrieval systems, without the prior permission of the copyright owners.