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Travis Perkins
Travis Perkins plc is a British builders' merchant and home improvement retailer with head offices based in Northampton. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index. Through its Toolstation subsidiary, the group also has operations in mainland Europe.
The company began in 1797, when the Benjamin Ingram company of joiners and carpenters was founded at Beech Street in London. Benjamin Ingram subsequently merged with Perkins to become Ingram Perkins in 1850. Ingram Perkins then merged with Sandell Smythe & Drayson in 1970 to form Sandell Perkins.
Sandell Perkins was first listed on the London Stock Exchange in 1986, shortly before it merged with Travis & Arnold in 1988, to form Travis Perkins. (Travis & Arnold had been founded by Ernest Travis in 1899. Originally operating in London, the company moved to Northampton in 1904, with the Midlands becoming its core market.)
Subsequent acquisitions have included AAH (46 branches) in March 1994, BMSS (26 branches) in December 1995, Keyline Builders Merchants (101 branches) in May 1999, and Sharpe & Fisher (38 branches) in 1998, Broombys Limited (nine branches) in January 2000, City Plumbing Supplies Limited (48 branches) in July 2002, and Commercial Ceiling Factors (twenty distribution centres) in October 2002, Jayhard (53 branches) in August 2003, and B&G (twelve branches) in October 2003, Wickes (171 stores) in December 2004, and Tile Giant in November 2007.
The company had a particularly challenging time after the 2008 financial crisis; it stopped its dividend and indicated it was open to declaring a rights issue.
In May 2010, Travis Perkins made a successful offer to acquire BSS Group for £553m, and then acquired the remaining 70% stake in Toolstation in January 2012, and the whole of Solfex in January 2013.
In November 2017, Travis Perkins sought support from the local community in Pimlico, when the oldest timber yard in the United Kingdom, owned by Travis Perkins, was threatened by closure to allow a housing development to proceed.
In December 2018, Travis Perkins announced plans to sell City Plumbing Supplies and its other plumbing and heating businesses. In October 2019, Travis Perkins announced this decision had been paused.
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Travis Perkins
Travis Perkins plc is a British builders' merchant and home improvement retailer with head offices based in Northampton. It is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index. Through its Toolstation subsidiary, the group also has operations in mainland Europe.
The company began in 1797, when the Benjamin Ingram company of joiners and carpenters was founded at Beech Street in London. Benjamin Ingram subsequently merged with Perkins to become Ingram Perkins in 1850. Ingram Perkins then merged with Sandell Smythe & Drayson in 1970 to form Sandell Perkins.
Sandell Perkins was first listed on the London Stock Exchange in 1986, shortly before it merged with Travis & Arnold in 1988, to form Travis Perkins. (Travis & Arnold had been founded by Ernest Travis in 1899. Originally operating in London, the company moved to Northampton in 1904, with the Midlands becoming its core market.)
Subsequent acquisitions have included AAH (46 branches) in March 1994, BMSS (26 branches) in December 1995, Keyline Builders Merchants (101 branches) in May 1999, and Sharpe & Fisher (38 branches) in 1998, Broombys Limited (nine branches) in January 2000, City Plumbing Supplies Limited (48 branches) in July 2002, and Commercial Ceiling Factors (twenty distribution centres) in October 2002, Jayhard (53 branches) in August 2003, and B&G (twelve branches) in October 2003, Wickes (171 stores) in December 2004, and Tile Giant in November 2007.
The company had a particularly challenging time after the 2008 financial crisis; it stopped its dividend and indicated it was open to declaring a rights issue.
In May 2010, Travis Perkins made a successful offer to acquire BSS Group for £553m, and then acquired the remaining 70% stake in Toolstation in January 2012, and the whole of Solfex in January 2013.
In November 2017, Travis Perkins sought support from the local community in Pimlico, when the oldest timber yard in the United Kingdom, owned by Travis Perkins, was threatened by closure to allow a housing development to proceed.
In December 2018, Travis Perkins announced plans to sell City Plumbing Supplies and its other plumbing and heating businesses. In October 2019, Travis Perkins announced this decision had been paused.
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