Parker Building Supplies buys Stamco

Parker Building Supplies, the Sussex-based independent builders’ merchant, has acquired fellow NBG member Stamco, based in Hastings.

The acquisition, funded by Parkers’ strategic partner, Cairngorm Capital, is a key step in Parkers’ strategy
to expand its business through a combination of acquisitions, new site development and organic growth.

Established in 1957, Stamco (Sussex Turnery and Moulding Company Limited) is a privately-owned, independent builders’ merchant and wholesale timber processing and distribution business, with five branches in Eastbourne, Hastings,
Hove, Worthing and Rye. It employs 180 people and in 2018, turned over £32m.

The acquisition was prompted by the retirement of owners, Mike Cullis and Roger Brightiff, who will remain
in the business short-term, to ensure an effective handover and a smooth transition. Managing director,
John Cornelius, will join the Parkers senior management team to contribute to the combined company’s
growth strategy.

Roger Brightiff, owner of Stamco said, “Once Mike and I had taken the decision to retire, our priority
was to find a partner with shared goals and values who would help Stamco to fulfil its potential.
Both companies have common heritage, outstanding product quality and commitment to the highest
standards of customer service, which makes this partnership a very good fit. We are confident that
Stamco is in very capable hands and that it will continue to thrive and prosper.”

Chris Maityard, Parkers’ managing director said: “Our goal is to become the leader in the independent
builders’ merchant sector in the South East. To do this we have been working to build a customerfocused business, with great products, outstanding customer service and a strong, expanding branch
network. Stamco has very similar values and ambitions to us and a skilled and committed workforce,
so this partnership offers the potential for exciting opportunities going forward.”