The sale of Worcestershire-based Countrywide Farmers, the farming and equestrian retailer, to Mole Valley Farmers Ltd, which was expected to have been completed by the end of January, has been delayed. The sale is subject to review by the Competition and Markets Authority. A new completion date of March 16th has been set.
In the meantime, the company has sold off its Countrywide LPG business to Dublin-based DCC, an international sales, marketing and support services group. It operates in four divisions: LPG, Retail & Oil, Healthcare and Technology.
In a statement Countrywide said this is being progressed to ensure the business maintains sustainable value within its current going concern status.
DCC plc will acquire the trade and assets of the LPG business for £28.75 million, with completion targeted before the end of March 2018.
Countrywide LPG supplies bulk and cylinder LPG to domestic, agricultural and commercial customers in Britain. The business sells approximately 20,000 tonnes of LPG annually.
Countrywide Chief Executive Julie Wirth said: “We are delighted to have reached an agreement with DCC plc to acquire our LPG business. This represents an excellent opportunity for the Countrywide LPG brand to continue to grow and flourish within a leading international sales, marketing and support services group which has a strong LPG division currently operating in nine countries across Europe.”
Share trading of Countrywide remains suspended in light of the ongoing strategic developments taking place within the business.
Countrywide operates around 53 stores and runs a fully operational website. It has over 700 members of staff. The business launched in 1902 when Beckford Farmers merged with Winchcombe, Toddington & Cotswold Farmers Association to form West Midland Farmers Association Limited.