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8/06/2018

UNITAS: NAME FOR NEWLY COMBINED COMPANY…

UNITAS: NAME FOR NEWLY COMBINED COMPANY…
The newly combined company will be called Unitas Wholesale – a name chosen to signify the “principle and desire to work together, focused on common goals and identifying ways whereby all parties can win”.


Current 2018 joint business agreements between the groups and suppliers will remain in place until the end of the calendar year. Unitas’ new trading team will start discussions with suppliers regarding 2019 terms from November, with operational alignment occurring throughout 2019 via a process of integration, the companies added.

The two groups will continue to operate as usual until the members’ vote closes on 6 September.
Darren Goldney, managing director of Today’s Group, said: “We believe that this consolidation is narrowing the options for suppliers and potentially threatening the future of independent businesses as multiple chains expand into the wholesale channel.

“This merger acts to ensure the sustainable and future success of our members, many of whom have a multi-generation legacy of service to independent businesses, be they convenience stores, catering outlets or many of the other businesses we serve.”

If the merger is accepted by member, the transaction is expected to formally complete by November 2018.


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