Peter Barratt’s operates stores Gosforth (Newcastle), Stockton and Beverley.
The announcement this week ends some of the speculation that has been building over Wyevale’s latest round of acquisitions.
Sir Tom Hunter reportedly had £50m to spend on new stores. Wyevale bought Somerset-based Sanders GardenWorld earlier this month for £15m and the company has said it would buy a garden centre company in the north and one in the south.
An announcement has yet to be made on the southern store although the industry’s rumour mill has been working overtime.
Earlier this week, a representative from Peter Barratt’s emphatically denied that the company was for sale.
Andrew Barratt told HW: “It’s not us. We are a family-run firm and have no intention of selling.”
Company chairman Peter Barratt said he had made the decision to retire and was happy to hand the business’s future to Wyevale.
“It will be business as usual, but with the added buying power and financial strength of Wyevale helping us to better serve the growing needs of our customers.”
Wyevale chief executive Barry Stevenson said the purchase fitted perfectly into its existing geographical coverage and extended the company’s coverage and market leadership.
“The move demonstrates our determination to build on our strong platform within the garden centre industry.”
Wyevale now has 120 stores having spent £30m earlier this year buying Blooms of Bressingham’s 10 garden centres, along with acquiring Bridgemere Garden World.
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