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I must still be missing something- Wm Low and Heron Foods owned and controlled their premises, and neither were engaged as far as I can see in distribution to third parties. The benefit to the buyer in the former was a substantially increase in their presence in Scotland, and the latter entry into the discount end of convenience with an established brand and outlets that they are keen to develop as a business.

Nisa have contracts to both sales and distribution of which they have had number losses from both, and they do not own the fascia c-stores so it does depend upon the independent members not only accepting a takeover but presumably agreeing to continue to buy under contract, franchise or some form of ties.

I do hope for members and staff sake a successful deal with a suitable partner can be made, although as it currently stands I am more skeptical than some of the other commentators.