THE MONTH
Cairngorm chooses Chandlers in south-east expansion move
Sussex-based Chandlers Building Supplies Limited has joined the growing band of builders merchants acquired by equity firm Cairngorm Capital, owner of Parker Building Supplies Limited, with whom Chandlers will merge. The new enlarged company has 37 branches operating from the Midlands to the South East, with combined revenues of £180m and over 750 employees.
Chandlers, which offers a mix of heavy and lightside building materials to the construction industry. It has 14 branches serving Sussex, Kent, Surrey, London, Essex and the West Midlands, including six specialist roofing supplies centres. Headquartered in Ringmer, East Sussex, it generates revenues of £60 million and employs over 230 people and celebrated its 25th anniversary last October. Chris Maityard, Parkers’ chief executive, said: “This merger
consolidates our leadership as an independent in the South of England. Our company is at a really exciting point in its development and is ready to capitalise on the numerous growth opportunities available to it. We have ambitious plans to fulfil but are able benefit from strong investor support, exceptional products, first-rate employees and a well-deserved reputation for superior service. I look forward to the next phase of its development.”
Andrew Cope, Chandlers’ managing director, added, “This merger is exciting and will deliver great things. I am looking forward to joining the Board of the wider business and working together with the Parkers’ Directors to develop the long-term strategy and future direction of the new
NMBS promotes industry bursary scheme Independent builders merchant
buying group NMBS is playing its part in promoting train supporting the Worshipful Company of Builders’ Merchants’ (WCOBM) Bursary scheme. The WCOBM provides bursaries of up to £2,000 per person to help young people in the industry with training, development and skills training. Working in partnership with the Rainy Day Trust, WCOBM bursaries can be used towards any course that is directly related to any work carried out at a builders’ merchant, or with a supplier to builders’ merchants. The scheme is part of the WCOBM’s wider #BuildACareerWithoutLimits campaign, which aims to
6
Travis Perkins plugs P&H side sale
company. We are completely aligned in our ambitions for the company and how we achieve them, as well as having a shared approach to product excellence and outstanding customer service.”
Fiona Perrin, chair, welcomed Cope to the Board adding, “We are delighted that we will benefit from Andrew’s insight and contributions to the Board, as the business undergoes the next phase of its growth.”
Cromar acquires Acrypol
promote the construction industry to young people as the potential source of an exciting, varied career where they can develop new skills and qualifications.
NMBS commercial director Andy Hextall said: “Everyone in the merchant industry knows how important it is that we promote ourselves to young people, and that we offer those just starting out in their careers every possible opportunity for development. The bursary offered by the WCOBM and the Rainy Day Trust is a fantastic scheme that can make a real difference across the sector, and NMBS is delighted to support and promote it in any way we can.”
Cromar Building Products Ltd has announced the acquisition of Acrypol Products Ltd. This is the first acquisition for the East Yorkshire company that turns over £27 million, and by acquiring the ‘original’ waterproofing repair brand this is going to mean a big boost for Cromar.
Mike Marshall, managing director of Cromar commented, “Acrypol is such a renowned name within our industry, it will make an excellent addition to the existing Cromar family of products. We look forward to developing the Acrypol brand name further and consulting with the Acrypol specialists to develop even more great roofing products for the trade.”
group’s portfolio of businesses remains the right one, with good progress made through the quarter towards reducing cost and complexity and enabling greater focus and more disciplined capital allocation to our advantaged trade-focused businesses. “The group delivered a solid performance in Q3, despite trading conditions becoming more challenging through the course of the summer as a result of the on-going market uncertainty. Though the group maintains a cautious outlook for the near-term, full year performance remains in line with our expectations.”
www.buildersmerchantsjournal.net November 2019
Builders merchants group Travis Perkins has put the ongoing sale of its plumbing and heating division on hold “given the current unprecedented level of uncertainty”. The announcement was made as part of the chain’s latest trading update.
The merchanting businesses continued to outperform expectations in challenging market conditions. Chief executive Nick Roberts said: “The plan to simplify the
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