The deal will offer the benefit of competitive prices, promotions and access to a wider range and industry leading brands
The Co-op has concluded its acquisition of Nisa Retail Limited, following approval by the Competition and Markets Authority and the Court’s sanction on the transaction.
Allowing Nisa Partners to trade their businesses in the way they choose, the transaction provides an environment in which independent retailers can flourish, bringing enriched buying capability. The deal brings the benefit of competitive prices and promotions for Nisa Partners as well as access to a deeper range and industry leading own brand proposition, as a result of combined buying synergies.
Taking up the position with immediate effect will be Ken Towle, who has been appointed as Nisa’s new CEO. Arnu Misra who successfully performed an interim CEO role, will remain in the business for a transition period to ensure a smooth handover to the team.
Jo Whitfield, Chief Executive Officer, Co-op Retail, said, “Co-op and Nisa have all the ingredients for a successful partnership which will include the offer of award-winning Co-op own brand products. It will give Nisa Partners a wholesale operation of scale, allowing them the flexibility to trade their businesses in the way they choose, whilst benefiting competitive prices and promotions on an industry leading own brand.”
He added that their strategy is to get their award-winning own brand product closer to communities and their new business will create an exciting product offer for Nisa Partners to engage their shoppers with across the UK. PWKD14052018