News

Imported volumes of timber and panel products rose to record levels of over 3.2 million cu m in the three Summer months alone, according to figures released by the Timber Trade Federation. August was the third consecutive month when import volumes exceeded one million cu m. Softwood imports in June, July …

Radiator manufacturer Stelrad made its initial public offering, at 215 pence per Ordinary Share and dealings commenced on Friday November 5th. Based on this Offer Price, the Company’s total market capitalisation at the start of conditional dealings on the main market of the London Stock Exchange was approximately £274 million. …

Bradfords Building Supplies is launching ‘Building Sustainable Communities’ – a new series of events aimed at inspiring, informing and engaging the South West on achieving long term environmental and social sustainability for the built environment. Created in partnership with TrustMark, the inaugural event will take place on 24 November at …

Travis Perkins plc, has fully acquired Staircraft; a company that provides integrated stair, floor and door solutions. This development adds digital component design, timber engineering and production capability to the merchant’s portfolio. Travis Perkins first acquired a 15% in Staircraft in 2015, and announced its intention to fully acquire the remaining …

Builders merchant group Independent Builders Merchant Group has appointed ex-Saint Gobain Building Distribution director Martin Stables as its Group Chief Commercial Officer. Formerly commercial director at Saint-Gobain’s £300m national plumbing merchant Graham, Stables’ years of experience cover leadership roles in procurement, category, merchandising, supply chain and pricing with Saint-Gobain and …

SIG has bought Penlaw & Company Ltd, which operates from five sites in the UK, supplying drywall and associated products to contractors, builders and developers from branches in London, Essex, Suffolk, North West and North East. Penlaw & Company Ltd will continue to trade under its existing brand supported by …

Builders merchant Travis Perkins is set to relocate next door from its current location in Cheltenham on the 29th November. The existing 18 strong team will transfer to the new site, which, at 2.5 acres in size, is almost the size of two football pitches. The site will be a …

Andy Williamson was installed as the new Master of the Worshipful Company of Builders’ Merchants on Friday evening, at one of London’s largest Livery Halls – Plaisterers’ Hall. During the prestigious Installation ceremony Court Assistants Richard Hill and Alan Hawkins were elected to support the Master in his year, as …

Timber and materials supplier James Latham has strengthened its position in Northern Ireland with the acquisition of IJK Timber Group Ltd. Offering a comprehensive range of panel products, softwoods and hardwoods from two established sites, IJK is a division of Sarcon (No155) Limited and trades as IJK Timber and Northern …

Continuing positive trading momentum means that builders merchant group Travis Perkins is expecting adjusted operating profit for the full year 2021 to be ahead of current market expectations, at in excess of £340m.  The merchant has seen continuing like-for-like sales growth of 13.1%, it revealed in a third quarter trading …