The Grafton board has appointed Rothschild & Co to undertake a review of certain of its traditional merchanting businesses in Great Britain, 鈥渨hich may or may not result in the sale of some or all of these businesses鈥� the directors said.
The strategic review is focused solely on the Buildbase, PDM Buildbase, Civils & Lintels, The Timber Group, Bathroom Distribution Group and NDI (Nationwide Drywall & Insulation) businesses.
No other businesses in the group 鈥� such as Selco, Leyland SDM or CPI EuroMix 鈥� form part of the strategic review.
Grafton trades from more than 500 branches across the UK, Ireland and the Netherlands. Buildbase accounts for 149 of these branches.
Civils & Lintels describes itself as the number one distributor of lintels in the UK and a premier distributor of drainage & heavy building materials.
The Timber Group was formed from the merger of three leading timber importers and merchants in London and the southeast 鈥� Beaumont Forest Products, T Brewer and L&G Forest Products.
In 2020 Grafton Group saw its pre-tax profits fall 23% to 拢133m on revenue down 6% to 拢2,509m.
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