Posted 16th October

Builders' merchant Huws Gray acquires Ridgeons

By KBBDaily on 16th October 2018 - 10:25am
money matters, acquisition, private equity, huws grey, ridgeons, builders merchant, kbb, kbbdaily

Independently owned timber and builders' merchant Ridgeons Ltd has been acquired by Huws Gray. The transformational acquisition will increase Huws Gray’s store base and broaden its national presence, making it the UK’s largest independent builders merchant.

The transaction is the fifth acquisition made by Huws Gray in less than six months, and follows the news in April that private equity firm Inflexion bought a minority stake in the company.

Rigdeons currently trades from 490 mixed branches across the East Anglia region. Both companies share a strong focus on growing repair, improvement and maintenance segment, as well as a large and diversified customer base of over 16,000 clients.

Huws Gray CEO Terry Owen said: “The acquisition of Ridgeons represents a real milestone for our company as we become the largest independent builders merchants in the UK.

"Ridgeons is an excellent business with a genuine leadership position in its region and is a perfect addition to Huws Gray’s growing footprint," Owen added. "We were struck not only by the strength of the company, but also by the considerable similarities between our cultures and management style.”

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