Landmark Wholesale and Today’s Group members have voted for the buying groups to merge and become known as a single entity called Unitas Wholesale.
Of those members who voted, 96% were in favour of the merger going ahead.
Between them, Today’s and Landmark have 182 members, and a combined buying power of £9.2bn.
In a joint statement, John Mills, Landmark Wholesale managing director, and Darren Goldney, Today’s Group managing director, said: “We are absolutely delighted that our members voted to merge the two groups. Through enhanced scale, relevance and capability, Unitas Wholesale will be the sustainable wholesale business partner for its supplier base, creating an alternative route to market in the face of the consolidation that is taking place within the wholesale sector.”
The merger will formally complete on 31 October. By then both groups will have been through a period of consultation and selection with management and staff and will have announced the structure to support the new company.
Current 2018 joint business agreements between the two groups and suppliers will remain in place until the end of the calendar year. The Unitas Wholesale trading team will commence discussions with suppliers regarding 2019 terms once the merger has completed, with operational alignment occurring throughout 2019 via a process of integration.