Fane Valley Stores has announced details of a further expansion of its store network through the acquisition of Dungannon Farm Supplies.
The business located at Edendork just outside Dungannon has been operated, since February 2014, by Termon Farm Supplies based in Carrickmore.
Trevor Lockhart, Fane Valley Chief Executive commented: “We are delighted to have acquired Dungannon Farm Supplies and we very much look forward to building on the undoubted success of the business and expanding the range of products and services offered to the local community.
“The acquisition represents a further important step in the development of Fane Valley Stores. Of greatest importance is the fact that it extends our geographic reach beyond our existing boundaries and opens up the opportunity to serve a wider customer base.
“Over recent years we have made substantial investments in the training of our people and the upgrading of our premises. Our aim across the Fane Valley stores network is to enhance the purchasing experience primarily through the technical knowledge of our staff but also in the layout and display of our products. Coupled with our ability to offer a broad range of competitively priced products we are excited by the opportunity which the acquisition of Dungannon Farm Supplies now presents.”
Sean McElhone, Termon Farm Supplies said: “On behalf of the McElhone family I wish to acknowledge the loyal support of the Dungannon Farm Supplies customers and staff which has been fundamental to the success of the business since we assumed responsibility in February 2014. It has been very much appreciated by everyone associated with the business.
“It is a great encouragement to the McElhone family that, as we now concentrate our time on the growth of the Termon Farm Supplies site at Carrickmore, the Dungannon Farm Supplies business will be in safe hands. Fane Valley is a trusted, locally owned business with long history and strong reputation in the supply of a wide range of farm requisites. We wish them every success as they now seek to develop their business to a new level.”