19.03.2002
Schaper Takes Over SPAR`s C & C Stores
Duesseldorf, 19 March 2002 – C+C Schaper GmbH, Hanover, a wholly owned subsidiary of Metro Großhandelsgesellschaft mbH, Duesseldorf, and a member of the international Metro, will take over 25 Cash & Carry stores of SPAR Handels-AG, Schenefeld near Hamburg, with effect from 1 May 2002. The take-over has been agreed upon subject to the approval of the antitrust authorities and the supervisory boards.
The 25 SPAR self-service wholesale stores generated sales of around 200 million € with some 600 employees in fiscal year 2001 and will be integrated into the Schaper outlet chain of 29 Cash & Carry stores with selling spaces ranging from 2,300 to 6,700 square meters. In fiscal year 2001 the Schaper outlets generated sales of about 400 million € especially with customers in the hotel, restaurant and catering industry. The Schaper service range also includes delivery to customer premises.
In the medium term the Metro Cash & Carry objective is to establish a national presence in the small selling space Cash & Carry business with the Schaper outlets. The SPAR self-service wholesale stores ideally supplement the Schaper outlet chain especially with their locations in the federal states in East Germany and in Baden-Württemberg. Because of their store sizes, their assortments and their customer structure the SPAR stores can be easily integrated into the Schaper organization. In addition, the take-over of the SPAR self-service wholesale stores will enable Schaper to strengthen its delivery business as well as cut costs in the administrative field.
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