BWC Group, owner of the retailer Spar in Ireland, is to acquire rival group Londis, according to a report in the Irish Times.
Stephen O’Riordan, chief executive of Londis, which operates 200 stores across the country, said: “We’re keen to continue a journey that has seen the group drive efficiency and service whilst delivering value for customers and protecting retailer margins. We believe that being part of a global business of scale would further enhance competiveness for consumers and franchisees”.
BWC Group, which owns approximatively 35% share of the Irish convenience store market, said the acquisition of Londis was part of its growth strategy. Commenting on the proposed deal, chief executive Leo Crawford said: “We are excited about the opportunity to grow the Londis brand in conjunction with our existing portfolio of market leading convenience brands. Through our partnership with Spar South Africa, BWG has ambitious plans for investment and expansion and we would warmly welcome Londis retailers into our business where they can be part of our future success”.
Completion of the offer is subject to shareholder approval and Competition and Consumer Protection Commission clearance.
Source: Irish Times