Nisbets

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The founder of a catering equipment empire is lining up a sale to the FTSE distribution group Bunzl that will propel his family into the ranks of Britain's super-rich, Sky News learns. City editor MarkKleinmanSky. Sky News has learnt that Andrew Nisbet, whose business has become a multinational distributor to the food-service sector, is in advanced talks with Bunzl about a deal that could be struck within weeks. If completed, it would propel Mr Nisbet, who founded the company in , and his family into the ranks of Britain's wealthiest people. City sources said that Bunzl had emerged as the likeliest buyer of Nisbets during negotiations with the family-owned company's advisers at Goldman Sachs in recent weeks. Thinking of buying a phone? You may want to wait a week - money latest.

Nisbets

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Bunzl plc, the specialist international distribution and services Group, today announces that it has signed an agreement to acquire Nisbets in the UK and Pamark in Finland. The purchase price will be settled in cash. It has over 1, employees and an experienced management team that will remain with the Group post-acquisition, with Andrew Nisbet acting as a non-executive director and the family continuing to hold a minority interest in Nisbets. The transaction is subject to customary regulatory approvals and a further announcement will be made in due course following completion. In January, the Group signed an agreement to acquire its first business in Finland, Pamark. This anchor acquisition in Finland is expected to complete later this month and will increase the number of countries in which Bunzl operates to The company generated revenue of EUR 56 million c.

If you operate food-based businesses like restaurants, cafes, catering companies or contract food services, having a reliable supplier for quality catering equipment and supplies is essential. And one name kept popping up over and over again — Nisbets. Intrigued by its dominance, I decided to conduct in-depth research on the company by purchasing products as a customer and evaluating its entire supplier ecosystem through an expert lens. Consider this your complete guide to determining if Nisbets deserves its reigning status as the top catering supplies specialist or if you need to look at alternatives like WebstaurantStore, Catering Solutions Direct or Hospitality Shop. Founded in by Andrew Nisbet in Edinburgh, Scotland, Nisbets began as a supplier of basic catering equipment to colleges. It gradually expanded its product catalogue over the next three decades to become the dominant player in the foodservice supplies space today. From commercial ovens and freezers to cutlery baskets and floor cleaners, Nisbets stocks over 30, products across essential catering categories:.

Nisbets

Andrew Nisbet, the founder of his family's eponymous company, has asked Goldman Sachs to orchestrate an auction that would elevate them into the ranks of Britain's wealthiest people, Sky News learns. City editor MarkKleinmanSky. Sky News has learnt that Andrew Nisbet, whose business has become a multinational distributor to the food-service sector, has instructed Goldman Sachs to sound out prospective buyers. A formal auction process is unlikely to get under way until much later in the year, and an alternative outcome such as a partial sale remains a possibility, they added. If an outright sale does take place, it would deliver one of the biggest instant paydays to a British entrepreneur for years. John Lewis returns to profit but partners miss out on bonus again. Money blog: Bank transfers could be delayed four days under new fraud laws. Foreign governments face ban on owning British newspapers - effectively blocking Abu Dhabi-led Telegraph takeover.

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The new office was responsible for mail-order sales of Nisbet products in Holland and Belgium. Download as PDF Printable version. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as "plans", "expects", "is expected", "is subject to", "budget", "scheduled", "estimates", "forecasts", "goals", "intends", "anticipates", "believes", "targets", "aims" or "projects". Words or terms of similar substance or the negative thereof, are forward-looking statements, as well as variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Do I get cashback on everything I buy at Nisbets? Accept analytics cookies Reject analytics cookies View cookies. Nisbets is multinational distributor to the food-service sector. Sign up now. City editor MarkKleinmanSky. Money blog: Millions being dragged into paying more tax - despite NI cut. Direct Commerce Magazine. Foodservice Equipment Journal. Accounts Next accounts made up to 31 December due by 30 September Last accounts made up to 31 December Bunzl plc, the specialist international distribution and services Group, today announces that it has signed an agreement to acquire Nisbets in the UK and Pamark in Finland.

Nisbets is multinational distributor to the food-service sector. Nisbets was founded by Andrew Nisbet in In , the company launched its first mail-order catalogue , selling products to students and trade customers.

Essential essential. Bunzl plc, the specialist international distribution and services Group, today announces that it has signed an agreement to acquire Nisbets in the UK and Pamark in Finland. In , Nisbets acquired established Australian catering retailer Caterers Warehouse. Targeting targeting. Readers are cautioned not to place undue reliance on such forward-looking statements. Companies House does not verify the accuracy of the information filed link opens a new window. If completed, it would propel Mr Nisbet, who founded the company in , and his family into the ranks of Britain's wealthiest people. Nisbets have been helping their customers do great things for over 35 years and offer more choice, better availability, and greater convenience. Why you can trust Sky News. Nisbets is multinational distributor to the food-service sector. Company type Private limited Company Incorporated on 21 January