Tag Archives: sale

French building materials conglomerate Compagnie de Saint-Gobain SA has sold its merchanting brands in the U.K. to Stark Group AS for 740 million pounds ($907.4 million). Stark Group is headquartered in Denmark, with operations in six countries in Northern Europe. The company said this morning (Monday December 12) that the …

Builders merchant Jewson, is being put up for sale by its parent company Saint-Gobain, the Paris-listed global conglomerate.  JP Morgan has been tasked with looking into the possibility of hiving off the merchant business. The 400 branch builders merchant was acquired by Saint-Gobain in 2000, when it bought Meyer International. …

 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 …

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 …

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 …

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. …

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 …

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 …