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SUPPLIER NEWS


Travis Perkins sells wholesale Plumbing & Heating business


In December 2018, Travis Perkins announced a strategy to simplify the Group and to focus on its advantaged trade businesses. In line with this, Travis Perkins’ management team has confirmed the sale of its wholesale plumbing & heating business, Primaflow F&P, to Newbury Investments. The deal for Newbury Investments (UK), a specialist distribution group,


is for cash consideration of £46m before


attributable profits after adjusting items were £5m. Sale of


the


working capital adjustments. The sale process is expected to complete at the end of January 2020 and the proceeds will be used to reduce Group net debt. Primaflow F&P is a national wholesale distributor of branded plumbing and heating systems and has been part of the Travis Perkins Group since 2010. For the year ended 31 December 2018,


wholesale business will enable its remaining plumbing and heating businesses to focus on delivering market-leading service to its direct trade customers.


Nick Roberts, chief executive, said: “The divestment of our wholesale plumbing and heating business is a further step in reducing the Group’s overall complexity, enabling greater focus and disciplined capital allocation.”


Dormole continues investment in tools and fixings trade DIYWK-24JAN20-Koelenmesse_Layout 1 13/01/2020 12:56 Page 1


Forgefix owner, Dormole, has continued its policy of investing in independent suppliers to the tools and fixings trade, by taking a majority stake in Harrison & Clough (H&C), the fixings and fasteners wholesaler based in Keighley, UK. Michael Brown, managing director of Forgefix, who led the discussions with H&C, commented: “We have long been admirers of H&C who have developed several market leading brands, such as MetalMate, MasonMate and TimberMate that all


complement our existing ranges and we believe that by combining resources we can greatly improve our offering to customers.” H&C managing director Mark Hutchinson, commented: “As an independent, privately run business it has become increasingly difficult for us to maintain the level of investment that is required to develop our ranges and services. Therefore, the opportunity to join the Dormole group, who share our values and ambitions, is ideal.”


New appointments at MKM


MKM Building Supplies, one the UK’s largest independent builder’s merchants, has invested in both its marketing and digital capability and its human resources division with the appointment of Tony Rivenell,


as group digital


and marketing director and Amanda Williams as group human resources director. Rivenell has a track record for delivering improvements in customer experience for some of the UK’s best-known brands including Boots, Waitrose & Partners, Ocado and Halfords. In recent years he has also headed- up a number of high profile, pan- European digital programmes, bringing a wealth of expertise to the new MKM role. In her new group human


resources director role, Williams brings significant leadership experience


gained in both


blue chip and independent businesses, across a wide range of sectors


including


financial services, engineering and manufacturing. Williams’


Tony Rivenell, group digital and marketing director


strength and expertise is working with senior teams in high growth businesses, most recently at Quorn Foods to ensure that their people and organisation capability delivered business goals. David Kilburn,


CEO


commented: “We are delighted to welcome Tony and Amanda to the team. They join us at a critical time in our growth, and both bring a wealth of experience in their respective fields to the company.”


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