Members of Nisa and The Today’s Group voted yesterday (September 28) to formally separate into two companies.
Attendees at a General Meeting following Nisa-Today’s’ AGM voted by an “overwhelming majority” to proceed with the separation, which is expected to take place in the first quarter of 2012.
The separation was first mooted in the spring, and an indicative ballot of Today’s members in July produced an overwhelming majority in favour of decoupling. The move will see the end of the Nisa-Today’s consortium as a single body that dates back to 1987, although The Today’s Group is expected to buy shares in Nisa as part of the transaction that will see ownership of assets and brand names transfer to a new structure. The Today’s Group is also expected to move into new premises.
Today’s wholesalers are expected to continue to use Nisa’s ambient warehouse in Scunthorpe to source goods, particularly where manufacturers’ minimum drop requirements mean that independent wholesalers are unable to receive direct supply in manageable quantities.
An official statement from Nisa-Today’s said that the separation will “allow both companies to tailor their individual strategies and change their resources and direction for the future success of both companies”.