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Birmingham Post
Birmingham Post
Business
David Laister

Retail group Amacor Capital targets 30 convenience stores in next year as latest acquisition completes

Independent convenience group Amacor Capital Ltd has completed the purchase of its latest Nisa Local store as it aims to double its portfolio in the next 12 months.

The addition of the Denby Dale operation near Huddersfield makes it the 17th across northern and central England and Wales.

A Nisa partner for the past three years, Bury-headquartered Amacor primarily targets existing sites to take over.

Read more: Nisa marches towards 5,000 stores in a year of double-digit growth and strong returns

Founded by financial services professional Kevin Amphlett and former Sainsbury’s executive Martin Corban, nine stores were acquired in the North West home patch in its first 10 months of trading.

It fosters ambitions to grow the business to more than 30 stores in the next 12 months.

The latest store will retain its Nisa Local fascia following the sale, meaning shoppers will still be able to access the existing range, including the Co-op own brand.

Head of acquisitions at Amacor, Alex Wilson, said: “We’re delighted to get this sale over the line and make it our 17th store for the group and number five for the year.

“We’ll be keeping the same in-store team with one of the existing members of staff being promoted to the store manager role, meaning shoppers will not only continue to be able buy the same great products but they’ll also see the same friendly faces.”

Plans to further develop the store and its offer over the coming weeks and months include the installation of a coffee machine and the introduction of newspaper sales.

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