BUILDERS MERCHANTS: A-Z STARK GROUP S Stark Building Materials UK
SAINT GOBAIN BUILDING DISTRIBUTION (STARK FROM DECEMBER 2022) THE NUMBERS
% CHANGE 2019 Turnover £m Gross profit £m
Operating profit £k Net profit £k Staff
THE RATIOS 18/19 Stockturn Gross margin %
Operating margin % Net margin % Sales/head £k Profit/head £
Return on capital % BMJ INDEX
5.7
16.0 nil nil
227 nil nil
19/20
5.3 11.9 nil nil
197 nil nil
20?21
5.9 16.1 nil nil
246 nil nil (1)
IN DECEMBER 2022, Paris-based conglomerate Saint Gobain announced that it was exiting the UK building materials distribution business, with the sale of its UK distribution businesses to the Danish Stark group. The sale comprised over 600 dedicated
793.2 127.0
(18,514) (9,453) 3,495
2020
2,254.3 267.2
(184,220) (215,563) 11,467
2021
2,772.5 447.4 (124)
(23,591) 11,279
2020 184 110
n/a n/a 228
% CHANGE
19/20 (8)
(26) n/a n/a (13) n/a n/a
20/21 13
36
n/a n/a 25
n/a n/a
2021 23 67
n/a n/a (2)
JEWSON
Binley Business Park Merchant House Harry Weston Rd Coventry CV3 2TT Tel: 024 7643 8400
www.jewson.co.uk
Branches: 510 (as of 2023) Showrooms: 50
Branches Added/Closed in 2022: Added 8, closed 22 Employees: 5,905
Managing Director: Nadine Matthews Member of: BMF
builders’ merchant branches and distribution centres.
STARK Building Materials UK now comprises 14 brands, including: Jewson, along with Gibbs & Dandy, JP Corry and Normans, specialist brands Minster and Jewson Civils Frazer,
and major timber importer and distributor, International Timber. Nadine Matthews, managing director of Jewson, said: “Our priority as a business is to develop strategic industry partnerships that benefit our customers, suppliers and colleagues – and we believe that’s exactly what we’ll be able to deliver now that we are part of the STARK Group.
“As a leading distributor of building materials across Europe, STARK Group, like Jewson, is a customer-first business that is completely focused on meeting the needs of all our customers from builders and tradespeople, through to our relationships with National housebuilders and our offering through Jewson Partnership Solutions for our social housing customers. Our businesses are united by the same values, and by working together, we know we can develop the very best offering available on the market.
“We have a clear and consistent strategy for growth, which STARK has demonstrated true belief in, and we now have an opportunity to learn from their successful experience across Europe to build even further on our plans. STARK has a tremendous track record in helping businesses reach their full potential, and we’re excited to see the positive impact this will have on our customers, suppliers and colleagues – the people who are critical to our success. “While this is a significant moment in Jewson’s history, those we work with daily won’t notice any immediate change to our operations. It’s very much business as usual and we will continue to
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STARK BUILDING MATERIALS UK
Binley Business Park Merchant House Harry Weston Rd Coventry CV3 2TT Tel: 024 7643 8400
www.starkbuild.co.uk
Brands:: Jewson, JP Corry, George Boyd, Matthew Charlton, Gibbs & Dandy, BuildAviator, Normans, Minster, Chadwicks Jewson Civils Fraser, Roger W Jones, Benchmark Buiding Supplies
CEO: John Carter
trade as normal to ensure our customers can keep on delivering for their own customers and projects. We see the STARK Group and Jewson as kindred spirits, and the future looks very bright.” Group CEO Søren P. Olesen says: ”We are very pleased to have completed this acquisition in great time, having announced the deal in mid-December. We look forward to welcoming nearly 9,000 colleagues and many new tradespeople to our customer list in the UK. We have a strategy that successfully focuses on professional tradespeople and the renovation and maintenance market. The UK is an attractive market with solid population growth, one of Europe’s oldest housing stocks, and a huge potential for energy renovations. “We are facing a challenging transition year, but we have acquired a company that we can make thrive and grow. The more than 600 branches and distribution centres are in good locations across the entire UK. We will invest in the business, the customers, the employees, and the distribution. We have acquired a company with whom we can continue our growth journey.” The acquisition takes STARK Group’s total pro forma annual net sales to around EUR 9 billion. The combined company has more than 20,000 employees and approximately 1,150 dedicated builders’ merchants, specialists, and distribution centres. STARK Group is a leading retailer and distributor of heavy building materials across Europe and operates in the Nordics, Germany, Austria and now the UK.
A supplement to builders merchants journal April 2023
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