Members will be aware that NACO and the Co-operative Group have been in consultation for some time regarding the potential sale of the Sunwin Services Group.
The Co-operative Group has today announced that it has entered into a definitive agreement to sell the Sunwin Services Group business to Cardtronics for a consideration of up to £41.5m. The transaction is expected to complete in November 2014, following finalisation of the separation of the business from the Group.
All 1,500 Sunwin Services Group colleagues will transfer under TUPE regulations to Cardtronics who will also take on the Head Office in Bradford and 14 regional depots. The agreement includes the migration of the existing Food ATM estate by the end of the current contract, 1 Jan 2016.
NACO has been fully engaged with the business regarding this sale, and will continue consultation as the sale progresses.
As always, NACO Officials are available to discuss individual circumstances with all members. Please contact the NACO National Office to speak with an Official.