Travis Perkins
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| Type | Public (LSE: TPK) |
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| 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 | Geoff Cooper (CEO), Robert Walker (Chairman) |
| Products | Building and home improvement materials, garden supplies |
| Revenue | £3,152.8 million (2010)[1] |
| Operating income | £238.8 million (2010)[1] |
| Net income | £141.3 million (2010)[1] |
| Employees | 15,792 (2010)[1] |
| Subsidiaries | Wickes |
| Website | www.travisperkins.co.uk |
Travis Perkins plc (LSE: TPK) is a British builders merchant based in Northampton. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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[edit] History
The company can trace its origins back to 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.
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 Geo. Drayson & Son (formed 1875) and J. & A.S. Smythe (formed 1785).
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.
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]
Travis Perkins made an indicative £553 million takeover offer for BSS Group on 28 May 2010, which was accepted by the company's board.[6]
[edit] Operations
The company's product lines include kitchens, bathrooms, hand and power tools, landscaping materials, general building materials, painting and decorating materials, timber and joists. It also offers tool hire, and services for self-builders. The Company operates seven businesses in the UK from over 1200 sites. These businesses are:
- Travis Perkins - General Builder's merchant
- Keyline - Heavyside and Civils Merchant
- City Plumbing Supplies - Plumber's merchant
- CCF - Insulation and Dry-lining materials distributor
- Benchmarx - Kitchens and Joinery supplier
- Tile Giant - Tiling merchant
- Wickes - DIY stores
- BSS - Building materials
- Toolstation
The company is also a stakeholder in the following businesses:
[edit] Sponsorship
In common with most large companies, Travis Perkins corporately support various events and organisations. Currently (2010) these include:
- Travis Perkins plc Senior Masters golf tournament
- Northampton Saints Rugby Union club main sponsor[7]
- Breast Cancer Campaign
- Childrens' Hospices UK
[edit] References
- ^ a b c d "Annual Report 2010". Travis Perkins. http://online.hemscottir.com/ir/tpk/pdf/Annual_Report_10.pdf.
- ^ a b c d e Travis Perkins: History
- ^ Travis Perkins buys rival for £184m
- ^ Travis Perkins buys Wickes
- ^ Travis Perkins buys Tile Giant
- ^ Fletcher, Nick (28 May 2010). "BSS jumps 34% after £553m offer from Travis Perkins". guardian.co.uk. http://www.guardian.co.uk/business/marketforceslive/2010/may/28/travisperkins-bssgroup. Retrieved 28 May 2010.
- ^ Northampton Saints Retrieved 30 November 2010
[edit] External links
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