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LBS resigns from NBG

Independent Welsh builders merchant LBS has resigned from the National Buying Group with effect from this December. It is to join buying group Fortis in January.
Mark Davies, managing director of LBS, said: “NBG has been great for LBS and has contributed significantly to the company’s growth. We will always be grateful for the support the group has provided.”

John Parker, chairman of Fortis said: “We are delighted that LBS will be joining us in January and we look forward to working with them.”

Nick Oates NBG managing director said: “LBS, and Mark Davies in particular, has played a significant role in the creation of NBG and its ongoing development. We thank them for their support over the years and wish them well.”

David Szymanski, NBG chairman, said: “NBG is a very strong buying group based on its core strategy of delivering outstanding deals to its Partners. Change is a fact of life and history has shown that NBG comes out stronger when faced with challenges.”

NBG Partners continue to expand their businesses, with a further 15 new branches having opened this year, on the back of 21 last year.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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