LONDON (FNS) -- J. Sainsbury here continues on the acquisition trail with a $71.1 million (45-million-pound) deal to buy three warehouse clubs from U.K. cash-and-carry operator Nurdin & Peacock.
permarket format. A site in Bristol will become a Sainsbury's superstore, and the third club, in Croydon, will be sold. The company plans to spend about $31.6 million (20 million pounds) on the new stores.
The sale marks Nurdin's withdrawal from the warehouse club market after laun