evo Acquires Exertis Supplies Trade and Stock for VOW Wholesale

evo has signed an agreement for their VOW business to acquire the trade and stock of Exertis Supplies from Exertis UK.
On a company statement, the comment, “We have acted here to enable a sensible outcome for all stakeholders” has been included.

evo are currently in consultation with the Exertis Supplies employees to try and secure their future employment wherever possible, and are taking on Exertis Supplies’ stock, which should ensure suppliers receive a sensible settlement, and finally they are acquiring the trade customers/client database.

Commenting on the transaction, Andrew Gale, evo CEO has stated:

“This is a sensible and pragmatic outcome. I would commend Exertis UK for their approach to this transaction, and I would like to thank Dan Taylor, evo Commercial Director, and Leanne Gregg, evo People Director for their outstanding work to enable this transaction to be completed. Steve Forde and Louis Dobson, the evo Stock team, worked tirelessly and we were advised by Walker Morris LLP and DLA Piper.”

Commenting on the aquisition, Adrian Butler, VOW UK Managing Director has stated:

“VOW’s immediate focus following the consultation period will be to work closely with our new colleagues and to ensure any stock transfer is completed in quick order to enable our customers to be serviced at the highest levels possible. VOW’s success is measured on how well the independent dealer channel performs, which has shown year after year how resilient and adaptable to change it is. I make no excuses for focusing on what’s important to our customers, base service and a set of commercial terms that help them thrive. If there are specific requirements that would help this, please do not hesitate to contact myself direct or one of the VOW team.”