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NEWSROUND Grant & Stone merge with IBMG


Grant & Stone Group is to merge with Independent Builders Merchant Group.


The new group has 123 branches, revenues of more than £500 million and over 1,700 employees. It comprises builders’ merchants, electrical wholesalers, plumbers’ merchants, kitchen and bathroom showrooms, roofing merchants, a timber processing site, and a dedicated ecommerce business, with brnahces stretching from Cornwall through the South West to Kent and the Home Counties.


Both parties are underpinned by investment from their strategic partner, Cairngorm Capital, which has been behind the transformational growth both sides have undergone in the last few years.


IBMG has grown from 15 branches and revenues of £67m in March 2018, to 39 branches


and revenues of over £200m. In parallel, Grant & Stone has scaled its business from 29 branches in the Thames Valley and revenues of £100m in November 2019, to 84 branches between London and Cornwall, and revenues in excess of £300m.


At a group level, the new combined company will be known as Independent Builders Merchant Group. However, the existing trading names and brands will continue to be used for all customer-facing activity. The group comprises the merchant brands Grant & Stone, RGB, Parkers, Chandlers, Stamco, Fairalls, CRS, Total Plumbing Supplies, 3Counties and Dovedale Electrical Nick House, Group Chief Executive of Grant & Stone, will lead the new combined IBMG business, with Peter Cudd as group managing director, supported by a new Group Board, led by David


Moore non-executive Chairman and executive directors – Allun Pittingale (group managing director for IBMG South East), Kevin Fenlon (group projects director and chief executive of RGB) and Richard Robinson (group chief financial Officer). Jenny Naylor takes up a new role as grop HR director. Nick House, Group Chief Executive of IBMG, said “This merger is the natural progression for both companies. Our branch


Huws Gray buys TBS Building Supplies


Huws Gray Group has acquired TBS Building Supplies based in Towcester and Daventry, Northamptonshire, its fifth deal this year.


Established in 1978, TBS Building Supplies are a mixed


merchant servicing both trade and retail customers. Matthew Owen, head of acquisitions for Huws Gray Group said: “The acquisition of TBS marks our commitment to grow Huws Gray in Northamptonshire and beyond. We are truly optimistic for what the future holds and excited to acquire a company whose local reputation and great customer service is at the forefront of what they do. We


look forward to welcoming our new colleagues to the group.” Richard Harpham, Chair of TBS added: “We are delighted to see TBS become part of the Huws Gray business, from the outset it was clear that our family values and commitment to excellent customer service as a traditional merchant were aligned with Huws Gray. It is an exciting time for TBS to become part of this dynamic group, providing job security for our staff and allowing us to continue to provide the best possible service to our customers.”


Selco steps up recycling programme


Builders merchant Selco Builders Warehouse has introduced an enhanced recycling strategy across its business and begun a recycling programme from its Lightside Distribution Centre in Oxfordshire. It means all plastic and cardboard from Selco’s 70 UK branches is returned to the LDC where it is recycled.


Craig Ducker, head of 4


operational projects at Selco, said: “Developing and enhancing sustainable operations is a huge priority within Selco and we are moving at rapid speed on a host of projects. One of those is recycling and we are delighted to fully launch our LDC programme. “It means whenever a branch receives a delivery, which is multiple times a week, it can send back all


its waste and cardboard to the LDC where it is packaged up for recycling. We are very confident it will bring substantial benefits when it comes to reducing our carbon footprint. As a fast-growing company, we have a long-term strategy to operate sustainably and reduce our carbon footprint in the communities in which we operate and this is another step on the road


towards achieving that.” Proposals are being drawn up to also enhance the in-branch recycling programme with a view to that being introduced in 2022.


www.buildersmerchantsjournal.net October 2021


networks and product ranges are highly complementary and our values, vision and commitment to customers are completely aligned, which creates exciting opportunities for us all. We have ambitious goals to fulfil but IBMG is well structured, with strong investor support, exceptional products, first-rate employees and a well-deserved reputation for superior service. I look forward to leading the next phase of development.”


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