UK national specialist confectionery wholesaler, Hancocks has joined the leading sector buying consortium Today's Group. Founded in 1962, Hancocks now trades from 20 cash & carry depots across the country, with a range of over 5,000 lines, primarily across all areas of chocolate and sugar confectionery, but also including other impulse products such as soft drinks and snacks.
Turnover in excess of £130m
With last reported sales of £126m, Hancocks' turnover has been further boosted by the acquisition of fellow confectionery wholesaler JTS, and now stands at well over £130m, making it one of Today's top ten members. As well as serving customers through its cash & carry depots Hancocks also has a rapidly growing online platform and also offers a delivery service through its World of Sweets division. Added to the combined turnover of the Today's Group membership, Hancocks will push this figure passed £5.8bn.
Biggest benefits to come in branded confectionery
With its scale in the category Hancocks will bring significant benefit to Today's in confectionery in particular, offering scope to increase its buying power across the ranges common amongst its other members, above all in the key branded ranges. As well as also benefiting from the combined scale of this membership Hancocks will also be able to access improved capability in buying other ranges where it has lesser scale such as soft drinks and snacks.
John Schofield acting Managing Director of Today's Group commented:
"In the current market where consolidation is a fact of life, the benefits of being part of a larger group and leveraging the scale, whilst still being able to deliver the unique proposition and passion that drives independent businesses, is more important than ever."