Grant & Stone Limited, has branched out of its Home Counties heartland and bought independent builders merchant CRS Building Supplies Limited, based in Wells, Somerset.
Established in 2005, CRS Building Supplies sells heavyside building materials to trade and retail customers from 12 branches across Somerset.
The combined group will have 44 branches operating from London to the south west, over 500 employees and revenues in excess of £140m. CRS founders Chris Waelchli and Richard Liddle will continue to lead the CRS businesses working with Peter Cudd, Grant & Stone’s chief commercial officer, to realise the growth opportunities that this partnership will deliver.
Despite the challenges instigated by Covid-19, Grant & Stone has remained resilient with a clear focus of what it wants to achieve for the future. , This acquisition, made with the support of Grant & Stone’s strategic investment partner, Cairngorm Capital Partners, provides a strong platform for further growth and future partnerships, which the company is keen to explore.
Cudd says: “We are delighted to welcome CRS to the Group. We have much in common, making this a strong and logical partnership. Our company is at a really exciting point in its development and this partnership ensures that we are well positioned to progress the numerous growth opportunities available to us.”
Richard Liddle, director of CRS said, “Chris and I are proud of all that we have built to date but we recognise that as part of a larger group, the company will be able to achieve much more. Partnering with Grant & Stone will facilitate this and we look forward to continuing this success story together.”