Sainsbury’s has further expanded its presence in the convenience store sector by buying the Jacksons group of stores.
Sainsbury’s bought Bells in Scotland in February, and has now added Jacksons, with 2,350 staff and 114 stores across Yorkshire and the north Midlands, to its fold. The acquisition raises Sainsbury's portfolio of convenience stores to above the 250 mark.
All Jacksons' workers will stay with the business and the stores will operate as a separate business unit, run by existing management.
"When we announced the sale of Shaw's, our US supermarket business in March 2004, we indicated that we would use a proportion of the funds to expand further into the convenience sector and this acquisition provides us with a great opportunity to do that," said Sainsbury's chief executive Justin King.
Sainsbury's did not say how much it was paying for Jacksons, but said for the year to 24 April, the group's turnover was £143m ($253m) and it had net assets of £25.5m.
Jacksons' managing director Angus Oughtred said the deal was "in the best long term interests of Jacksons customers.
"It will enable us to continue to grow the business enhancing our offer to local customers as well as retaining our employees under their current employment terms," he said.
Sainsbury’s also operates 67 Sainsbury's Local stores and runs 22 outlets in partnership with Shell.
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