Wyevale Garden Centres announces the sale of five garden centres to Dobbies.
The centres are: Gloucester; Heighley Gate; Huntingdon; Woodbridge and Woodlands.
Roger Mclaughlan, Chief Exec of Wyevale, said: “We’re pleased to have agreed the sale of five of our largest centres to Dobbies. They are one of the UK’s biggest and most experienced garden centre operators.
“We would like to thank our colleagues at these centres. They have been central to our turnaround in the past few years.
“We wish them well for the next stage of their growth and development under Dobbies’ ownership.”
Graeme Jenkins, CEO of Dobbies, said: “The acquisition of these five centres is in line with our strategic growth plan for Dobbies.
“We are looking forward to welcoming our new team members and to working with them to develop the centres.”
The acquisition brings more than 400 team members to Dobbies. It takes their estate to 39 centres across the UK.
Dobbies takes 5 of larger destination stores
The five centres are all larger destination garden centres, similar in size to the nine centres sold to Blue Diamond.
The sale is expected to complete in late October with the centres reopening as Dobbies soon after.
Anthony Jones, Chief Financial Officer of WGC, said: “Since the launch of the sale process in May we have already sold 23 centres. We’re currently evaluating a wide range of competitive offers from buyers. We look forward to further positive discussions with all potential buyers.”
Darren Bond, Managing Director of Christie & Co, said: “We’re delighted to have supported the sale of these five centres to Dobbies. It means we have now exchanged on 28 sites as part of the sale process.”