TP/BSS: not there just yet.

OFT puts Travis Perkins merger on hold

Published:  27 September, 2010

NORTHAMPTON: Travis Perkins's £558m takeover of rival builders' merchants BSS has been delayed…

by at least a month as the Office of Fair Trading scrutinises the deal more thoroughly. On Friday, the OFT extended the deadline for the examination of the deal to 19 October.

Travis Perkins' management team had hoped to formally start the merger under a scheme of arrangement, which involves the courts, on 22 October. However, this was dependent on approval by the original timetable.

It is widely expected that the Office of Fair Trading will grant approval, though the new group could be asked to sell around 10 branches, out of a combined total of about 1700, to ensure competition in certain areas.

Bankers involved in the deal have been surprised by the detail the OFT has demanded according to the Independent on Sunday newspaper. New court dates will have to be organised, which will take some time.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.