Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Builders merchant group Travis Perkins plc, has sold its Staircraft specialist floor kit, i-joist and staircase manufacturing subsidiary business to Gait Consulting, which is majority owned by the founder of Staircraft, for cash consideration of £24m.
Travis Perkins’ Chief Financial Officer Duncan Cooper said: “The sale of Staircraft is another step towards simplifying the Group’s operating model with a clear focus on being the UK’s leading distributor of building materials. The proceeds will be used to strengthen the Group’s balance sheet and will support our disciplined approach to reinvesting in our core assets. I would like to thank all colleagues in Staircraft for their contribution as part of the Group and wish them all the best for the future as an
independent business.”
Travis Perkins bought the whole of the Staircraft business in November 2021, having worked closely with it for the previous six years.
