Appleby on the acquisition trail

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Regional distribution company, Appleby Westward, has agreed a deal to acquire Gillett’s (Callington) Ltd.

Gillett’s (Callington) Ltd is a family-owned business which operates 63 Spar stores throughout Cornwall, Devon, Dorset, Somerset and Wiltshire.

Saltash-based Appleby Westward already services Spar convenience stores across the south west and plans to operate Gillett’s 63 Spar shops as company-owned stores.

MD, Mike Boardman, said: “We are delighted at the prospect of acquiring this very robust family business with its excellent platform of very well-run Spar stores, and the acquisition will ensure continuity of supply for Appleby Westward to those stores.”

Alan Cookson, director of Gillett’s (Callington) Ltd, added: “This is a very good deal for both parties and means it’s very much business as usual for everyone.

“We have worked successfully in partnership with Appleby Westward since our business was founded 32 years ago and we are especially delighted that the stores are to remain part of the Spar network.”

It is hoped the deal will be completed in early July. Financial terms were not disclosed.