Tag: musgraves

Musgrave To Buy O’Loughlin Foods

Posted on | by Aisling Rafferty

The Musgrave Group are set to acquire O’Loughlin Quality Foods. The Wexford based, family run foodservice business has served the South East region for over 50 years. Representatives from CJ O’Loughlin Food expressed their delight at the acquisition by Ireland’s largest food wholesaler. Charlie O’Loughlin, MD of O’Loughlin’s and Jack O’Grady who is Sales Director commented that their team would “continue to deliver the very best in customer service”, and that the acquisition allowed them to amplify their customer reach.

Musgrave CEO Chris Martin said that “C.J. O’Loughlin Quality Foods is an excellent strategic fit for our business and complements our market-leading foodservice offer.” The acquisition is still set for clearance by the Irish Competition Authority.

News Source: http://www.hospitalityireland.com/musgrave-to-acquire-foodservice-provider-c-j-oloughlin-quality-foods/23645

Musgrave get the clear for €57 million deal to sell UK division

Posted on | by Aisling Rafferty

Irish Retail giant Musgrave have received regulatory clearance to sell its UK operations. It is believed that the deal will be worth around €57 million and will be sold to a rival UK wholesale giant Booker. Musgraves, which is based in Cork operate the Budgens and Londis brands and have close to 1800 across the UK.

Booker is the UK’s biggest cash and carry operator and the deal have been cleared by the Competitions and Market Authority. It will be sold on a cash free and debt free basis. The acquisition is set to be complete in and around September 14th.

Musgrave currently own and operate the Supervalu brand in Ireland. In a statement, Musgraves said ‘’ “Musgrave Group today noted the decision of the UK Competition and Markets Authority to approve the sale of Musgrave GB to Booker Group PLC. Musgrave Group will now move to complete the transaction with Booker.”

Booker commented “We are pleased that the acquisition of Londis and Budgens has been cleared by the CMA. This will help strengthen our support for independent retailers throughout Great Britain.”

Source: http://www.independent.ie/business/supervalu-owner-musgrave-gets-green-light-for-57m-deal-to-sell-uk-division-31498934.html

Musgrave to sell its British Business for €57 million

Posted on | by pointblank_admin

Musgraves is to sell its British business which operate Budgens and Londis brands to Bookers for €57 million. The move will mean that Musgraves will concentrate on its operation’s in the Republic, Northern Ireland and Spain. The deal is subject to regulatory approval and on a debt free basis.

Chris Martin, Chief Executive of the Musgraves Group said the decision was taken after careful evaluation of options. The UK wing of Musgraves has been loss making, they furthered. Mr Martin said ‘Having received a proposal from Booker, we concluded that a sale to Booker is the right thing for the group and would be the most advantageous outcome for our retailers, colleagues and suppliers in Great Britain,”

Musgrave will develop a strategic partnership with Booker, which could see the companies collaborate on digital innovation and buying opportunities, sharing of best practice and to achieve cost savings and efficiencies for the business.

Source: http://www.irishtimes.com/business/retail-and-services/musgrave-to-sell-british-business-to-booker-for-57m-1.2220873

Musgrave to sell its British Business for €57 million

Posted on | by pointblank_admin

Musgraves is to sell its British business which operate Budgens and Londis brands to Bookers for €57 million. The move will mean that Musgraves will concentrate on its operation’s in the Republic, Northern Ireland and Spain. The deal is subject to regulatory approval and on a debt free basis.

Chris Martin, Chief Executive of the Musgraves Group said the decision was taken after careful evaluation of options. The UK wing of Musgraves has been loss making, they furthered. Mr Martin said ‘Having received a proposal from Booker, we concluded that a sale to Booker is the right thing for the group and would be the most advantageous outcome for our retailers, colleagues and suppliers in Great Britain,”

Musgrave will develop a strategic partnership with Booker, which could see the companies collaborate on digital innovation and buying opportunities, sharing of best practice and to achieve cost savings and efficiencies for the business.

Source: http://www.irishtimes.com/business/retail-and-services/musgrave-to-sell-british-business-to-booker-for-57m-1.2220873