Travis Perkins ramps up investment plans

Published: 30 January 2014
Builders' merchant group Travis Perkins plans to increase investment in growing its business over the next few years.
Finance director Tony Buffin told Insider Media that the company had built up its cash reserves to £139.1m in the 12 months to December 2012, from £62.9m two years earlier.

Buffin said that large scale acquisitions of the size of Wickes or BSS are unlikely; the company is more likely to look at smaller targets in areas where it is under-represented.

"These investments will be made across a broad range of growth and maintenance areas," Buffin said. "We're building a distribution centre in Warrington and planning to open up a new site for each of our divisions."

The group is also looking at mixing brands on the same site - for example putting Toolstation sections in Wickes stores, and Benchmarx showrooms in Travis Perkins branches.


Comments

Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
Would you like to receive a printed copy?
Click here to register for a regular copy of Builders Merchant Journal
Subcribe to ACR News
[month]

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal
January 2018

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal

Selco makes eight-year-old's Christmas

Eight-year old Luke Shaw becomes a Selco manager for the day
18-Dec-2017

Digby shows off anti-stain porcelain properties

Digby Stone have launched two videos to demonstrate the stain resistance of their porcelain tiles
5-Dec-2017

Buildbase goes on film to promote industry to next generation

National builders’ merchant, Buildbase has collaborated with ITN Productions and the Chartered Institute of Builders (CIOB) to produce a
18-Oct-2017