Graham Plumbers Merchant sells to Wolseley and UK Plumbing Supplies – Builders Merchants Journal
The UK wholesale plumbers market contracted again with the sale of Saint Gobain’s Graham Plumbers Merchant business to competitors Wolseley and UK Plumbing Supplies. The latter will take over the majority of Graham’s facilities, as well as the Graham brand and website, and a smaller number of sites will be sold to Wolseley.
The transactions are expected to close in the coming weeks and are part of Saint-Gobain’s policy to focus on those companies where they see the most growth and profitability potential.
The Graham Plumbers Merchant achieved a turnover of approximately €260 million last year. It has been part of the Saint Gobain portfolio since the early 2000s. It started in Glasgow in 1936 under the name Thomas Graham & Son and today has approximately 130 outlets and 840 employees.
UK Plumbing Supplies is the umbrella company for a number of plumber’s trademarks acquired in recent years, including Willbond, HPS, Plumbase and Pavis. The sale of Wolseley UK was completed in January by Ferguson, the FTSE 100 listed distributor of plumbing and heating products primarily in North America, to Clayton, Dubilier & Rice, the US private equity firm. In the year to the end of July 2020, Wolseley UK generated sales of £1.35 billion ($1.9 billion) and made an underlying trading profit of £5.7 million ($8 million).