Travis Perkins

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Travis Perkins plc
Type Public
Traded as LSETPK
OTCQXTPRKY
Industry Business-to-business, Retail
Founded 1988 through merger between Travis & Arnold and Sandell Perkins
Headquarters Northampton, United Kingdom
Area served United Kingdom
Key people Robert Walker (Chairman)
John Carter (CEO)
Products Building and home improvement materials, tool hire
Revenue £5,148.7 million (2013)[1]
Operating income £347.6 million (2013)[1]
Net income £249.5 million (2013)[1]
Employees circa 24,000 (2013)
Subsidiaries Wickes Toolstation
Website www.travisperkins.co.uk

Travis Perkins plc is a British builders' merchant and home improvement retailer based in Northampton and is a supplier of building materials. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History[edit]

The company began in 1797, when the Benjamin Ingram company of joiners and carpenters was founded at 33 Beech Street in the City of London.[2] Benjamin Ingram subsequently merged with Perkins to become Ingram Perkins.[citation needed]

Sandell Perkins was formed in 1970 following the merger of Sandell Smythe & Drayson and Ingram Perkins.[2] Sandell Smythe & Drayson was itself the product of a 1964 merger of Joseph Sandell (formed in 1812) and Smythe & Drayson which had itself formed in 1954 from J. & A.S. Smythe (formed 1785) and Geo. Drayson & Son (formed 1875).[citation needed]

Together with a number of smaller acquisitions Sandell Perkins acquired Broad & Co. (formed in 1881) in 1975. Sandell Perkins was listed on the London Stock Exchange in 1986. At that time it had 49 branches principally based around London and the South-East.[citation needed]

Travis Perkins was formed by a merger between Travis & Arnold and Sandell Perkins in 1988.[2]

Subsequent acquisitions have included AAH (46 branches) in 1994,[2] BMSS (26 branches) in 1996,[2] Keyline Builders Merchants (101 branches)[3] and Sharpe & Fisher (38 branches) in 1998, City Plumbing Supplies Limited (48 branches) and Commercial Ceiling Factors (20 distribution centres) in 2002, Jayhard (53 branches) and B&G (12 branches) in 2003, Wickes (171 stores) in 2005[4] and Tile Giant in 2007.[5]

In 2008, Travis Perkins Group invested in online marketplace between tradesmen and homeowners, MyBuilder [6]

Travis Perkins made an indicative £553 million takeover offer for BSS Group on 28 May 2010, which was accepted by the company's board.[7]

Travis Perkins plc acquired the remaining 70% stake in Toolstation on 3 January 2011.[8]

Operations[edit]

The company's product lines include general building materials, kitchens and bathrooms, hand and power tools, landscaping materials, painting and decorating materials, timber and joists. Businesses comprise:[9]

  • Travis Perkins - general builders' merchant
  • BSS - specialist distributor of heating, ventilation, tools, pipeline
  • Wickes - home improvement stores
  • PTS - Plumbing trade supplies - bathroom, heating and plumbing products to trade and public
  • CCF - distributor of insulation, dry-lining, partitioning
  • Keyline - heavyside and civils merchant
  • DHS - Direct Heating Spares - heating spares
  • City Plumbing Supplies - specialists in quality plumbing and heating supplies to the trade and public
  • SBS - Sustainable Building Solutions
  • Toolstation - direct sale and online supplier of trade tools, accessories and hardware products
  • Connections - distributor of plumbing and heating products
  • City Heating Spares - heating spares
  • F & P Wholesale - plumbing & heating supplies
  • Benchmarx - trade supplier of kitchens and joinery
  • BPT - Birchwood Price Tools - wholesaler of power tools, hand tools and site equipment
  • Tile Giant - tile and ceramics merchant

Sponsorship[edit]

The company is the Northampton Saints Rugby Union club's main sponsor.[10]

References[edit]

  1. ^ a b c "Preliminary Results 2013". Travis Perkins. 
  2. ^ a b c d e Travis Perkins: History
  3. ^ Travis Perkins buys rival for £184m
  4. ^ Travis Perkins buys Wickes
  5. ^ Travis Perkins buys Tile Giant
  6. ^ "Travis Perkins takes mybuilder.com stake". 29 May 2008. 
  7. ^ Fletcher, Nick (28 May 2010). "BSS jumps 34% after £553m offer from Travis Perkins". guardian.co.uk. Retrieved 28 May 2010. 
  8. ^ Wickes owner buys remaining 70% of Toolstation Retail Gazette, 3 January 2012
  9. ^ Travis Perkins: Our businesses
  10. ^ Northampton Saints Link updated - 9/8/13

External links[edit]