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Tag Archives: sale

TIMCO sells to Bufab

Simon Midwood TIMCO MD

 TIMCO (TI Midwood & Co Limited), the independent family-owned construction materials wholesaler, has sold to Bufab, a Swedish based C-Parts Supply Chain Partner for £54 million on a cash-free/debt-free basis. A performance-based additional payment may be made in 2023-2024 conditional on operating profit. TIMCO managing director Simon Midwood, son of …

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Graham Plumbers Merchant sells to Wolseley and UK Plumbing Supplies

Graham Branch Exterior

The UK plumbers merchant market contracted again with the sale of  Saint Gobain’s Graham Plumbers Merchant business to competitors Wolseley and UK Plumbing Supplies. The latter will take the majority of the Graham branches, as well as the Graham brand name and website, with a smaller number of branches will be …

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Huws Gray buys Grafton’s mainland traditional merchanting businesses

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Huws Gray, the Anglesey-based private equity-funded independent builders merchant group, has today bought the Buildbase, Civils & Lintels, PDM Buildbase, The Timber Group, Bathroom Distribution Group, Frontline and NDI brands from Grafton Group plc. In the year to 31 December 2020, the Business reported revenue of £828.2 million (2019: £1.02 …

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Ferguson sells Wolseley UK

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Global plumbers merchant chain Ferguson plc has sold its Wolseley UK heating and plumbing distribution business, to private investment firm Clayton, Dubilier & Rice today (January 4 2021) for approximately £308 million. In the year ended July 31, 2020 Wolseley UK’s revenue was £1,403 million, with operating profits at £2.2million. …

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Snows falls into administration

Snows delivery

Less than a year after it went through a management buy-out, timber importer and distributor Snows Timber went into administration on November 18. Matt Haw and Matt Wild from RSM Restructuring Advisory LLP have been appointed joint administrators of the 200 year old company. The administrators want to sell the …

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Travis Perkins plugs plumbing side sale

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Merchanting group Travis Perkins has put the sale of its plumbing and heating division on hold “given the current unprecedented level of uncertainty”, a trading update said yesterday (October 22). The update reported that the merchanting businesses continued to outperform expectations in challenging market conditions. Travis Perkins, the general mixed …

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