Birchwood Price Tools has been sold by Travis Perkins PLC to tools supplier and distributor Toolstream Limited.
BPT comprises a number of national brands including Scruffs workwear & safety footwear, Defender lighting & power distribution, Van Vault secure storage solutions, and Rhino heating & cooling products. The company, which employs 85 people at its Nottingham offices, will continue to operate as a stand alone business, with the same teams .
Acquired by the Travis Perkins Group in 2011 as part of its purchase of the BSS Group, BPT has since doubled in size, growing individual brand sales and market share in the construction-related sectors in which it competes.
BPT managing director Matt Hunt said: “This is an exciting new chapter for our company and teams. Travis Perkins was clear it would only sell BPT to an organisation that would value our brands and our people, and that would offer the expertise and support to help us to continue to develop and implement our ambitious growth plans.”
The BPT brands now join the existing portfolio of Toolstream, which includes the Triton, GMC, Dickie Dyer, Task and Bench Dog. In addition to the strong strategic brand fit, opportunities exist for both companies to work closely together to further strengthen their existing customer propositions for both UK and international markets.
Hunt continued: “We’re delighted that Toolstream has acquired us. Under our new ownership we will continue to improve our overall proposition and partnership approach, which will benefit, first and foremost, our existing valued and loyal customers who have been reselling our brands, in many cases, for years. We will also look to develop new relationships with organisations that we’ve not previously supplied, leveraging our expertise and proven success in a number of sectors.’’