Bestway Wholesale to acquire Costcutter from Bibby Line.

Bestway Wholesale, a company that wholesales and distributes food products, agreed to acquire Costcutter, a symbol group supplier to various independently owned convenience shops and off-licences, from Bibby Line, a firm operating vessels for the transportation of freight on the deep seas. Financial terms were not disclosed. “Costcutter is a great brand with a long heritage and a history of success alongside industry-leading and loyal retailers, with some of the best in-store execution in the business. As part of Bestway Wholesale, the team at Costcutter will be able to build upon the amazing results they have been achieving in partnership with their retailers, helping them to innovate and adapt to an ever-changing market in order to grow their businesses and sales," Dawood Pervez, Bestway Wholesale Managing Director.