The Hancocks Group has acquired Birmingham based JTS International, growing its supply of confectionery to retailers and leisure organisations.
Established in 1991 by MD, John Stimpson, JTS International currently has sales of over £20 million and serves a very similar market place to World of Sweets, (Hancock’s direct distribution channel). JTS International imports a wide selection of confectionery from around the globe and offers a number of exclusive product ranges.
World of Sweets currently has sales of £30 million and serves a broad range of customers including the Merlin Entertainments Group, Vue Cinema, Moto Services and many retail chains.
JTS International has a strong strategic fit with Hancocks, offering good synergies between the two businesses and the capability to grow the product base, providing a stronger proposition and service to the broad customer base.
Mark Watson, Hancocks CEO comments: “We’re delighted to be acquiring JTS International and have held the company in high regard for a long time. The operation alongside World of Sweets will create a strong company that can provide a much broader range of wholesale confectionery to the retail and leisure markets and a more comprehensive service overall. World of Sweets enjoys a number of exclusive product ranges and JTS International brings many more with it, which can only be good news for our customers”.
John Stimpson, JTS International MD comments: “Hancocks is a great new home for JTS International because it too is entirely committed to developing the wholesale confectionery market in the UK. With roots dating back to 1962, Hancocks is an expert in its field and the combination will be of great benefit to JTS customers going forward. I am confident that I’ve placed JTS International into safe hands for the future”.
Hancocks is the UK’s market leading wholesale confectionery specialist and was acquired by Management and H2 Equity Partners from the founding family in November 2012. Continuing to grow since the buy-out, the new acquisition will see the anticipated group turnover rise to more than £140 million. Hancocks supplies all parts of the confectionery market with a national cash and carry network, its distribution business and a growing ecommerce channel. The company’s comprehensive product range includes Hancock’s longstanding Kingsway brand of confectionery and many high margin ranges, ensuring a good return for its customers.