Stax Trade Centres Ltd is embarking on an exciting new era with the announcement of a management buyout, a move that seamlessly continues its 44-year legacy of stability and success. The deal sees Purchasing Director Simon Wright and Operations Director Nigel Wright step into the roles of Joint Managing Directors, confidently steering the company into its next chapter.

This evolution marks the well-earned retirement of founding partner David Hibbert and a new, part-time consultancy role for fellow co-founder Eddie Brady, who established Stax in 1981. Together, their commitment and immense contribution has built up the foundations upon which the company’s future will be built.

As part of this natural progression, Sean Lawrence has been appointed Chief Financial Officer, having already been integral to the finance team since 2022.

Finalised on Thursday, 13th November 2025, this transition has its roots in a story three decades in the making.

It was 30 years ago that Eddie and David acquired W.E. Merris, the family business of brothers Simon and Nigel Wright. That decision planted the seed for today’s succession, with both brothers playing pivotal roles in driving the company’s growth ever since.

Reflecting on the moment, Simon Wright commented: “We are incredibly proud and excited to take up the reins of this business we’ve been part of for so long. Stax isn’t just a company; it’s a community partner that has been serving independent retailers for over 40 years. While our delivery model evolves, our heart remains the same: competitive pricing, the largest ranges, and that personal touch of great service our members rely on.”

Nigel Wright added: “Even now we’re bucking the trend by focusing on the strengths we already have; a fantastic, dedicated team and a robust structure. So it’s very much business as usual, just with a fresh perspective. We’re committed to building on the legacy we’ve been entrusted with.”