Sandpiper CI to sell wholesale food and distribution arm
SANDPIPER CI is to sell its wholesale food service and distribution business Cimandis, it has announced.
The company will be selling Cimandis to Bidvest Food Service International.
Bidvest is a global group of companies employing more than 145,000 people with an annual £10bn. turnover.
Sandpiper chief executive officer Tony O'Neill, pictured, said the sale completed its 'dedicated retailer strategy' announced when it acquired CI Traders more than seven years ago.
'Since then our company has sold pubs, hotels and manufacturing units and this final divestment allows Sandpiper to focus on the continued development of our local retail businesses, along with the introduction of key franchise brands into mainland Europe.'
The current management and staff of Cimandis will transfer over to Bidvest when the sale completes - subject to regulatory approval - in the next few weeks. There will be no redundancies associated with the sale.
