Wholesale firm is sold.
ONE of the North-east's largest wholesale businesses has been bought out by a West Midlands company.Middlesbrough-based Tyne Tees Cash and Carry has sold its two depots - in Middlesbrough and Gateshead - to Wolverhampton-based Blakemore Wholesale for an undisclosed sum.
Blakemore Wholesale's managing director Sam Wilcox, said: "We made the initial approach.
"We have been looking to grow and expand our current business and through the acquisition of Tyne Tees we have the opportunity to take on two successful depots that are of the right size and location for Blakemore.
"They are two established, well-run businesses."
Tyne Tees will keep on its 80 staff and its name.
Tyne Tees supplies goods to independent retailers and Blakemore, which already operates eight cash and carry depot outlets around the UK, supplies to more than 700 Spar convenience stores and employs more than 5,000 staff.
Mr Wilcox added the Tyne Tees name was a successful brand.
"I don't see any reason to change it," he added. "Our aim is to grow the business and increase employment."
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| Title Annotation: | Business |
|---|---|
| Publication: | Evening Gazette (Middlesbrough, England) |
| Geographic Code: | 4EUUK |
| Date: | May 22, 2008 |
| Words: | 173 |
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