St-Gobain complete Brossette and Build Center acquisitions
Published: 03 April, 2012
COVENTRY: The acquisition of Build Center by Saint-Gobain, carried out on November 4, 2011, was authorized by the UK Office of Fair Trading on February 8, 2012 subject to the divestment of 23 branches representing aggregate revenues of some GBP 35 million (€42 million).
Build Center is the UK’s fourth largest general builders’ merchant. With a network of 148 branches located across the UK, including a large concentration in the dynamic South East, Build Center offers an excellent geographic fit with the Jewson network.
It reported revenue of GBP 324 million (€390 million) for the fiscal year ended July 31, 2011, with 1527 employees.
On March 30, 2012, Saint-Gobain also completed the acquisition of Brossette from Wolseley, after the transaction was approved by France’s competition authorities on March 23 subject to the divestment of 22 outlets representing aggregate sales of some €30 million.
Specializing in the distribution of plumbing, heating and sanitary products in France, the Brossette brand has a very good reputation among the market. Backed by a network of 361 outlets across the country, it also promises a strong geographic fit with the French plumbing, heating and sanitary business of Saint-Gobain Building Distribution Sector, which primarily operates under the Cedeo brand.
Brossette generated €726 million in revenue in the fiscal year ended July 31, 2011 and employs 2650 people.