Member Article

Lanchester Group bolsters gift offering with new acquisition

Durham firm The Lanchester Group is set to become one of the UK’s largest gift hamper suppliers, following its seven figure deal to acquire luxury hamper specialists Spicers of Hythe Ltd.

The group believes the acquisition, of both Spicers and its ladies golf subsidiary One Up Golf, will complement its existing gift division, Lanchester Gifts.

Established in 1926, Spicers has a turnover of £5 million which will help Lanchester increase its combined group turnover towards the £100 million mark over the next 12 months.

Both Lanchester Gifts and Spicers will continue to operate as individual entities.

Tony Cleary, managing director of the Lanchester Group, said: “Spicers of Hythe has a long tradition of delivering exceptional range, quality and value of hampers making it a perfect fit for Lanchester Gifts.

“As a third generation family-owned business, managing director Ian Spicer has instilled many similar values and ethics as at Lanchester, which is also a family-owned business.

“The Spicers of Hythe team have done an excellent job of growing the business, which is renowned for supplying hampers of distinction and now is the right time to pass on the baton to the next stage in its evolutionary growth. We look forward to working with Ian and his team to provide our customers both new and old with exciting and innovative gift offerings.”

The Lanchester Group of companies includes Lanchester Wines, Lanchester Gifts, Greencroft Bottling, Lanchester Energy and Lanchester Property.

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