Called The Buyco, the new company will be within the convenience sector, providing Costcutter Supermarkets Group with access to the large volume buying power in the sector, resulting in competitive prices for its members as well as a range of products and promotions at highly competitive prices, according to the company.
As a joint venture business which will be 50% owned by both companies, The Buyco is being set up to allow Costcutter Supermarkets Group to meet the needs of its independent retailers and all of P&H’s existing independent retailers.
In order to negotiate the best deals through maximum volume, The Buyco will also serve the buying needs of Palmer & Harvey’s existing independent retail customer base.
Source: Costcutter
© FoodBev Media Ltd 2024