80 year old Lancashire builders' merchant business has been sold
A Lancashire builders’ merchants with a history stretching back over 80 years has been bought by a fast-growing independent building supplies firm.
Builders Supplies West Coast Ltd, which has sites in Fleetwood, Cleveleys, Morecambe and Preston, has been acquired by Huws Gray for an undisclosed sum.
The firm was founded in 1938 and employs 70 across its four locations.
Owners Peter and Bethan Worthington said: “We would like to thank all our loyal customers and teams for their support over the years, and for making the company the success it is today.
“We’re confident that Huws Gray will take the business to the next level and we’re pleased to be leaving it in good hands.”
The corporate finance team at accountancy and business advisory firm MHA Moore and Smalley advised Builders Supplies West Coast on the transaction.
The deal team at MHA Moore and Smalley was led by head of corporate finance Andrew Feeke, supported by Ian Waddingham and Rob Holgate, with David Hackett providing taxation advice. Napthens provided legal advice to Builders Supplies West Coast.
Ian Waddingham, corporate finance senior manager at MHA Moore and Smalley, said: “Builders Supplies West Coast has been a longstanding client of the firm. We’re delighted to have supported the owners to pass on a business they have grown successfully over many years.
“Crucially, this development means staff and customers alike can continue looking forward to a bright future as part of a dynamic growing business.”
The deal enables further geographic expansion for North Wales-based Huws Gray which has more than 100 branches nationwide.
Matthew Owen, head of acquisitions for the Huws Gray Group, said: “Builders Supplies West Coast Ltd have always had a commitment to efficient customer service, which fits well with the Huws Gray ethos.
"We are optimistic about the future, as this represents a fantastic opportunity for us to strengthen our existing presence in North West.”
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