Health food retailer Holland & Barrett has acquired the De Tuinen chain from troubled Dutch group Ahold in a €16 million (11.4 million) cash deal.
Holland & Barrett managing director Peter Aldis said: ‘We will be looking to integrate the product ranges from both businesses to expand our domestic market and that of the De Tuinen stores.’
De Tuinen will be ‘phased into’ Holland & Barrett by December 28, according to Ahold. The British retailer will make use of Ahold ‘logistics and other back-office services’ during the transition. De Tuinen has 42 company-owned stores and 25 franchised shops in the Netherlands, generating an annual revenue of EUR 30 million (21.4 million).