THE MONTH
Travis Perkins’ recovery prompts Covid-19 payback Strength in DIY sales during
October and November has helped Travis Perkins to return £50m of UK government help.
The Group says its Wickes and Toolstation brands benefited from the ‘surge in DIY trade’ during the first part of the Covid- 19 pandemic and that it would return business rates relief and job retention scheme money for its Wickes and Toolstation stores of around £50m.
The Group’s trading update for October and November 2020 showed good progress on retaining sales from branches closed as part of the restructuring activity during the and like-for-like sales growth of 8.6% during the period.
The company said: “There continues to be an encouraging recovery in domestic RMI across smaller trade customers in Travis Perkins and City Plumbing, although, with volumes for larger customers recovering more slowly, sales growth is slower in the specialist merchant brands of BSS, CCF, Keyline and the large contract side of the P&H business.”
Ferguson sells Wolseley UK
Global plumbers merchant chain Ferguson plc has sold its Wolseley UK heating and plumbing distribution business, to private investment firm Clayton, Dubilier & Rice for approximately £308 million. CDR already have a 25% stake in SIG plc.
In the year ended July 31, 2020 Wolseley UK’s revenue was £1,403 million, with operating profits at £2.2million.
Ferguson said in a statement
this morning that it expects the transaction to be completed at the end of January 2021.
Kevin Murphy, Chief Executive of Ferguson, said: “Wolseley is a leading heating and plumbing distribution business in the UK and we are confident the business will benefit from working with CDR, who will develop the business further by focusing on continued opportunities in the industry. We’d like to thank all our associates
Sydenhams buys Staverton Building Supplies Sydenhams are pleased to
announce the acquisition of Staverton Building Supplies based in Cheltenham, Gloucestershire. Staverton’s, a single branch merchant, will begin trading as Sydenhams from 4th January 2021.
Lee Wright, Sydenhams Managing Director stated that they are delighted to welcome Staverton Building supplies to the Sydenhams group. “Staverton’s are a fantastic well-run
Roofing Megastore doubles growth in 2020
Roofing Megastore, founded in 2017 by Banbury-based entrepreneur Gian-Carlo Grossi, says it benefitted from “an explosion in demand” during the first COVID-19 lockdown, rapidly scaling up its team, adopting new processes, and making targeted investment in response to changing circumstances.
The company tripled the size of its customer service team quickly tripled in size and now plans to build upon the successes of 2020 and continue its remarkable pattern of growth. This includes further expansion of internal teams, continued investment, and the launch of a brand-new website. “As a national lockdown loomed, we began expanding our team and adopting new processes,2 says Grossi. “This meant that we were able to offer the same level of service and quality products that Roofing Megastore is now known for. As a result of this swift action, we were able to serve more than twice as many customers when compared to the previous year. “As well as demonstrating our ability to adapt quickly, this response allowed us to support tradespeople and homeowners during this difficult time.”
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for their tireless hard work while they have been part of the Group, especially recently through the COVID-19 pandemic. We wish them all the very best for the future.
“The transaction further simplifies the Group and allows us to focus entirely on investing in and developing our business across North America where we have the greatest opportunities for profitable growth.”
independent merchant with a very loyal customer base and we look forward to continuing their good work and growing the business to enhance both the service and product range that they currently offer.”
Mark Hanks and Mansell Husselbee, partners of Staverton Building Supplies added, they are proud to have achieved great success with Staverton since its inception in 2006 and are thrilled that the acquisition
by Sydenhams, will maintain their founding philosophy of exceptional personal service. This acquisition brings
Sydenhams to 32 sites across the South including Timber & Builders Merchants, Specialist Timber Centres, Kitchen & Bathroom Showrooms, Tool & Plant Hire and Timber Engineering.
Brett Martin goes bold for 2021
Brett Martin has announced the launch of its new corporate identity which will be rolled out over the coming months in a comprehensive programme including a new website, fleet livery, marketing and merchandising materials. Designed to communicate the company’s current scale, the new identity expresses its fresh, open and ambitious style which has remained consistent in over 60 years of trading. The new, bolder brand will also enable Brett Martin to develop additional digital marketing content to support its merchants.
The new branding will feature heavily in the presentation of
www.buildersmerchantsjournal.net January 2021
Brett Martin’s housebuilder range including the company’s new stormwater management system – StormCrate55, and Cascade - its cast iron style rainwater system.
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