Builders merchants Frank Key Group has announced the acquisition of the C Bancroft Group, which sees the Nottingham-based building supplies company move further north into West Yorkshire and Lancashire.
The deal includes the purchase of C Bancroft Group’s two trading subsidiaries Banson Tool Hire Limited and Charles Watson (Ironmongers) Limited.
Banson Tool Hire is a 10 branch hire business with its head office in Halifax, West Yorkshire. As well as Halifax, the branches are located in Batley, Bradford, Huddersfield, Keighley, Leeds, Oldham, Rochdale, Rotherham and Wakefield. Trading since the 1960’s, it became available due to the retirement of the brothers who owned and managed this family business.
To Integrate these branches with the current Frank Key hire operations, Richard Meeks has been promoted to the role of group hire director.
Charles Watson Ironmongers has the same head office in Halifax and a smaller branch in Leeds. It has also been trading since the 1960’s and has a number of complimentary product lines to Frank Key’s existing merchant businesses.
James Norton, group managing director of Frank Key, said: “With the acquisitions, we welcome a further 60 members of staff to the Frank Key team and greatly expands our number of trade outlets, moving further north into West Yorkshire and Lancashire.
“The purchase expands our hire operation to 14 branches across five counties, with the added benefit of adding specialist ironmongery depots to our builders merchant branch network.”