There are unconfirmed reports that family-run cash & carry and wholesale foods business TRS Group is up for sale.
The company, with headquarters in Southall, west London, was founded in 1959 by Taherally Rehmanji Suterwalla.
With a current turnover of £109 million, it is now run by his five sons, who include chairman Faroukh and managing director Hatim.
The proposed bidder is understood to be private equity company Exponent, whose spokesman told Cash & Carry Management: “There’s no comment on this, on or off the record.”
Exponent has already delved into the food trade through the sale of Quorn Foods in 2015 and the purchase last year of an undisclosed stake in dairy concern Meadow Foods.
TRS has two arms. There is a cash & carry on the Southall site and another at Leyton, east London, while the ethnic foods business is also based at the HQ location.
The C&C side was a longstanding member of Landmark Wholesale, switching to Unitas Wholesale when it was formed from the merger of Landmark and Today’s Group.
Tel: TRS 020-8843 5400
Published Date: March 6, 2019