BWG Foods and fuel forecourt operator Maxol have signed a new €340m deal that will see the wholesaler continue to supply a range of food, private label goods and alcohol to the retailer.

The contract will extend for a further four year a trading relationship that stretches back 25 years.

However, it is the biggest ever agreement between the two firms in terms of value and range.

"The tender process was a competitive one, but in working with BWG Foods, we can continue to provide our customers with the convenience products and service they want as we place a big focus on sourcing local produce, which is a key tenet for the company," said Maxol CEO, Brian Donaldson.

Maxol has invested €87m since 2018 in redeveloping its existing retail sites to encompass larger retail and forecourt space, as well as wider range of food and service offerings.

Last year it announced a further €100m investment programme as part of its five year strategic plan.

Maxol has 240 company and dealer owned outlets across the island.

"We will build on the success of our partnership over the past 25 years providing new innovative retail products and services to help meet the changing needs of Maxol's shoppers," said Leo Crawford, Group Chief Executive, BWG Group.