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.travisperkinsplc.co.uk

Travis Perkins plc is a British builders' merchant and home improvement retailer based in Northampton. It operates 1,900 outlets and has more than 24,000 employees in the UK and Ireland. Travis Perkins plc is listed on the London Stock Exchange and is part of the FTSE 100 Index.

History[edit]

The company began in 1797, when the Benjamin Ingram company of joiners and carpenters was founded.[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 2012 [8] and went onto acquire Solfex in 2013.

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. The company is structured around four divisions and 17 businesses:[9]

General Merchanting

  • Travis Perkins - general builders' merchant
  • Benchmarx - trade supplier of kitchens and joinery

Contract Merchanting

  • BSS - specialist distributor of heating, ventilation, tools, pipeline
  • CCF - distributor of insulation, dry-lining, partitioning
  • Keyline - heavyside and civils merchant

Plumbing & Heating

  • Plumbing Trade Supplies (PTS) - bathroom, heating and plumbing products to trade and public
  • Direct Heating Spares (DHS) - heating spares
  • City Plumbing Supplies (CPS) - specialists in quality plumbing and heating supplies to the trade and public
  • Connections - distributor of plumbing and heating products
  • City Heating Spares (CHS) - heating spares
  • F & P Wholesale - plumbing and heating supplies
  • SBS - Sustainable Building Solutions
  • Birchwood Price Tools - wholesaler of power tools, hand tools and site equipment, including clothing brand, Scruffs

Consumer

  • Wickes - home improvement stores
  • Toolstation - direct sale and online supplier of trade tools, accessories and hardware products
  • Tile Giant - tile and ceramics merchant

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

External links[edit]