Published: September 4, 2022 | Updated: 4th September 2022
A Dorset company which can trace its family roots back to 1912 and has grown into a business with a £110 million turnover has acquired The Health Store brand and its assets.
Chris Pole and Ryan Grant, from Interpath Advisory, joint administrators of Health Stores (Wholesale) Limited, announced the completion of the sale to Hunt’s Food Group Limited.
The Sherborne-based company is a leading foodservice, retail and natural products supplier.
The transaction will see 17 employees at Health Stores (Wholesale) Limited’s base in Nottingham transfer to Hunt’s Food Group.
Chris Pole and Ryan Grant were appointed joint administrators of Health Stores (Wholesale) Limited and Tree of Life UK Limited on August 22.
The companies form part of the UK’s largest independent health food and wellness products distribution platform.
They supplied a broad range of third party and owned brand goods, food and drink, personal care, and vitamins, minerals and supplements.
A further company within the group – Health Made Easy Limited – was placed into administration on August 26.
Chris Pole, pictured left, Managing Director at Interpath Advisory, said: “Hunt’s Food Group has an excellent reputation within the industry, and has broadened both its produce and service offerings in recent years to supply a wide ranging customer base.
“We’re pleased to have concluded the sale of The Health Store Brand and its assets to Hunt’s Food Group, ensuring The Health Store will continue to trade and providing certainty for those employees who will transfer to the new owners.
“We’d like to thank all those who helped to deliver this transaction within a short timetable, and wish Hunt’s Food Group every success in the future.”
Thomas Hunt, pictured right, Managing Director of Hunt’s Food Group, said: “We are delighted to progress with this opportunity and welcome The Health Store to the group.
“We look forward to working with the new team members from The Health Store and learning from their wealth of knowledge in the industry.
“This investment from the group brings greater choice to our customers and complements our commitment to having the most competitive, comprehensive range available.
“We have exciting plans for the brand and are looking forward to developing these in the future.”