News

Bibby still in a buying mood

12 December 2007

Liverpool-based Bibby Distribution says it is still on the acquisition trail.

In September, the company took a 51% stake in the supermarket group Costcutter, but Iain Speak, chief executive, tells MT there are a couple of other potential deals "still in progress".

He adds: "They always seem to take longer than you expect and for obvious reasons we have to be very careful with confidentiality. We have had a very good year and have lots of initiatives and plans for 2008 and beyond."

Speak says the Bibby takeover of Costcutter has worked out "very well so far".



Email at
roger.brown@rbi.co.uk
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