Travis Perkins to buy 13 Focus stores
Published: 17 May, 2011
NORTHAMPTON: Travis Perkins subsidiary company, Wickes is to buy up to 13 leasehold properties from the administrators of Focus DIY for £8.4m.
All 13 will be converted to Wickes, increasing its network to 216 stores. These conversions will be completed before the end of 2011 and are expected to be "earnings enhancing in 2012", the company says. Staff employed at the stores will also move to Wickes.
Geoff Cooper, chief executive, Travis Perkins says: "The acquisition of these 13 stores, cherry picked from over 100 potential locations, further expands our Wickes business and will help us to continue our gains in like-for-like and total market share. We welcome the colleagues in these stores into our group and look forward to these stores trading successfully in the Wickes format."