Move reinforces Scottish entrepreneur’s position in sector
Sir Tom Hunter has added to his portfolio of garden centres with the£15 million acquisition of Somerset garden centre chain Sanders Garden World.
The Highbridge-based Sanders will be added to the Wyevale chain, which Sir Tom bought last year for£445.1 million.
The deal reinforces Sir Tom’s dominant market position in the garden centre sector, where he already owns Wyevale, Blooms of Bressingham and has a 29 per cent stake in Dobbies.
Last month, he failed to block a bid by Tesco for Dobbies, despite stating that he thought the price offered undervalued the chain.
The Scottish billionaire had a number of partners in the Sanders deal including HBOS, Baugur and property investment vehicle Prestbury.