Builders merchant Jewson, is being put up for sale by its parent company Saint-Gobain, the Paris-listed global conglomerate. JP Morgan has been tasked with looking into the possibility of hiving off the merchant business.
The 400 branch builders merchant was acquired by Saint-Gobain in 2000, when it bought Meyer International. The merchant currently employs around 6,000 people and was founded in 1836.
The sale of the UK building distribution businesses has been discussed as a possibility since may, when Saint-Gobain came under pressure from hedge fund Bluebell to consider its disposal.