Finance

Yorkshire expansion plans for brothers after fruit and veg business buy-out

Two brothers from a long line of fruit and vegetable wholesalers are following the family tradition after acquiring First Choice Naturally Ltd, one of Bradford’s fresh produce suppliers.

Joe and Tom Kershaw plan to expand the footprint of the business across Yorkshire, having bought a majority share from husband-and-wife team Trevor and Wanda Hinchcliffe.

Their son, Richard, is remaining as a director and shareholder in the business, which will continue to operate from St James’s Wholesale Market on Wakefield Road, with a team of 15. Established in 1980, it has operated from there since 1985.

Read more:Online grocery market sends sales surging for Hull refrigerated vehicle builder with no sign of slowdown

Joe said: “My grandfather owned JW Swithenbank Ltd, which was run by his four sons. My father later bought the business and operated it as Burbank Produce Ltd for 15 years, before selling it to Total Produce, where my brother and I have worked for the last three years. We felt the time was right to branch out on our own and approached Trevor, who used to work for my grandfather over 40 years ago.

“The wholesale industry has boomed over the last six months, especially as the hospitality industry has reopened, with high demand for quality, fresh produce. We have also seen a big increase in demand for vegan produce, which is an area we’re expanding further, and organic produce remains popular, which all offers plenty of opportunities as we take the business forward.”

There’s no better time to stay up to date with economic and business news from your region. By signing up for our daily newsletters, email breaking news alerts and weekly round-ups from all the major sectors, you get our journalism direct by email. To sign up, find out more and see all of our newsletters, follow the link here

The business provides more than 2,500 products – sourced from a global network of suppliers and growers – to catering businesses, schools, retailers, restaurants, bars and nursing homes across West Yorkshire. A loyal client base was seen as a key driver in the deal.

The brothers were advised on the deal by Yorkshire law firm LCF Law, who have supported the family for more than a quarter of a century, with Haines Watts providing financial guidance.

Cathy Cook, who is a partner within LCF Law’s corporate division, said: “Susan Clark, partner and head of corporate at LCF Law, first advised the Kershaw family on the acquisition in 1995 and I subsequently acted for them during the sale of Burbank in 2001. My colleague, Will Reynolds, who went to school with the Kershaw brothers, also worked on this deal.

“It has been a real pleasure for us all to support the third generation of the same family as they embark upon this exciting new business opportunity.”

Do you follow BusinessLive Humber on LinkedIn and Twitter? Click and engage to ensure you stay updated


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button