By mutual agreement IBMG have agreed to leave NBG as at 31st December 2022 as both organisations believe that their best interests would be served by following their own strategies and negotiations in the future.
Nick Oates, managing director of NBG said: “The decision to part ways was mutual and a result of both parties wanting to follow their own strategies. We have enjoyed a long and productive relationship with IBMG since they first joined the partnership with the acquisition of Parker Building Supplies in 2018. Both Parker Building Supplies and Grant & Stone, now part of IBMG, were founding Partners of the LLP and played significant roles in shaping the organisation. NBG remains focused on expanding its position as the premier buying group for independent merchants in the UK. We wish IBMG all the best in the future.”
Martin Stables, Group Chief Executive at IBMG said: “The decision to retire our membership of NBG was mutual and will enable IBMG to focus on building our market leading position as a distributor of building materials in the South of England with strong local brands supported by our centralised infrastructure. We will continue our focus on expansion, through organic growth, new branch openings and acquisitions across our core markets of Builder’s Merchants, and our Specialist divisions in Plumbing Heating & Sanitaryware, Electrical wholesale, Roofing and Timber. NBG and IBMG have shared great success together since the inception of the partnership and we are proud that two of our brands, Parker Building Supplies and Grant & Stone were founding partners. I would like to thank all at NBG for their support during IBMG’s time in the partnership and wish the Group and all of its members every success.”