Brakes to buy Woodward Foodservice
Food supplier Brakes has announced a deal to acquire Woodward Foodservice, subject to Office of Fair Trading approval.
Woodward Foodservice has eight distribution centres based in the Midlands, Northern England, Wales and Scotland.
Woodward management will continue to manage the brand under the ownership of Brakes.
"I am delighted we have been given the opportunity to join forces with Woodward Foodservice and I look forward to welcoming Woodward's employees and customers to the family of Brakes companies," said Brakes group chief executive Frank McKay.
Once the deal is completed, Woodward brand will be retained within the group. Woodward's customers will be able to continue to purchase quality Woodward branded products in addition to a larger choice of popular products from the Brakes family of specialist businesses.
Jeremy Woodward, managing director of Woodward Foodservice, said: "I believe that this arrangement provides a good opportunity for all Woodward's customers, employees and shareholders.
"Brakes is a highly respected foodservice company and their business strengths will help us continue to offer Woodward's customers excellent products and service as well as providing new opportunities for our respective businesses in the future."
