Travis Perkins PLC
11 October 2007
11 October 2007
TRAVIS PERKINS PLC
Travis Perkins agrees to acquire 7 stores from Focus
Travis Perkins PLC ('Travis Perkins'), one of the UK's leading builders'
merchants and home improvement retailers, announces that its subsidiary company,
Wickes Building Supplies Limited ('Wickes') has agreed to acquire 7 stores from
Focus (DIY) Limited and Payless DIY Limited (together, 'Focus') for £4.0
million.
The acquired stores are well located and fit well with the group's successful
Wickes retail home improvement format. All 7 will be immediately converted to
Wickes, increasing the Wickes network to 190 stores. This acquisition, which
will complete before the end of 2007, is expected to be earnings enhancing in
2008.
Geoff Cooper, Chief Executive of Travis Perkins said:
'The acquisition of these 7 stores further expands our Wickes network, and will
help us continue our recent gains in like-for-like and total market share. We
welcome the colleagues in these stores into our Group and look forward to
further growth in our store base in 2008 and beyond.'
- ends -
Enquiries:
Geoff Cooper, Chief Executive
Travis Perkins PLC Tel: +44 (0)1604 683 221
Paul Hampden Smith, Finance Director
Travis Perkins PLC Tel: +44 (0)1604 683 221
David Bick/Mike Feltham
Square1 Consulting Limited Tel: +44 (0)20 7929 5599
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