REG-Travis Perkins Travis Perkins Plc: sale of Staircraft business

Travis PerkinsAnnouncement

01/05/2025 07:30

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   Travis Perkins (TPK)
   Travis Perkins Plc: sale of Staircraft business

   01-May-2025 / 07:30 GMT/BST

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                                   1 May 2025

    

    Travis Perkins plc, the UK’s largest distributor of building materials,
                 announces the sale of its Staircraft business

    

   Travis Perkins plc today confirms that  the Group has sold its  specialist
   floor  kit,  i-joist  and   staircase  manufacturer  Staircraft  to   Gait
   Consulting, which is majority owned by the founder of Staircraft, for cash
   consideration of £24m.

    

   Chief Financial Officer Duncan Cooper commented “The sale of Staircraft is
   another step towards simplifying the Group’s operating model with a  clear
   focus on being  the UK’s  leading distributor of  building materials.  The
   proceeds will be  used to strengthen  the Group’s balance  sheet and  will
   support our  disciplined approach  to reinvesting  in our  core assets.  I
   would like to thank all colleagues in Staircraft for their contribution as
   part of  the Group  and  wish them  all  the best  for  the future  as  an
   independent business."

    

    

   Enquiries:

   Travis Perkins                     FGS Global
   Matt Worster                       Faeth Birch / Jenny Davey / James Gray
   +44 (0) 7990 088548                +44 (0) 207 251 3801
   matt.worster@travisperkins.co.uk   TravisPerkins@fgsglobal.com

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB00BK9RKT01
   Category Code:  MSCM
   TIDM:           TPK
   LEI Code:       2138001I27OUBAF22K83
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   385731
   EQS News ID:    2128430


    
   End of Announcement EQS News Service

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