Travis Perkins PLC
04 February 2008
4 February 2008
TRAVIS PERKINS PLC
FURTHER EXPANSION OF TRAVIS PERKINS
Travis Perkins PLC ('Travis Perkins'), the leading builders' merchants and home
improvement retailer, announces today a promising start in 2008 to the
continuing expansion of its branch network. In the first five weeks of the year
the Group has opened a total of 13 new branches, expanding both its trade and
retail divisions.
The branches include eight brownfield openings and five acquisitions. Aggregate
consideration for these acquisitions and investment in the brownfield openings
is expected to be £20 million, with these businesses expected to add £24 million
of turnover to the Group in their first 12 months of trading.
The additional branches comprise seven Travis Perkins branches, one Keyline
branch, one Tile Giant outlet and four Wickes stores.
The Group's network now comprises 1,138 branches across its seven brands.
Geoff Cooper, Group Chief Executive said:
'On a like-for-like basis, the Group is growing ahead of market growth rates.
'Our proven operational efficiency enables us to pursue a value accretive
expansion policy, both through our brownfield programme and through selective
acquisition of good merchanting businesses where there are a number of
attractive opportunities for the Group.'
Enquiries:
Geoff Cooper, Chief Executive
Travis Perkins PLC +44 (0) 1604 683 222
Paul Hampden Smith, Finance Director
Travis Perkins PLC +44 (0) 1604 683 111
David Bick/Mark Longson
Square1 Consulting Limited +44 (0) 20 7929 5599
- ENDS -
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