Grant & Stone Group and Independent Builders Merchant Group (IBMG) have merged to create the largest builders’ merchant group in the south, with 123 branches and revenues of more than £500 million.
The new Group extending from Cornwall to Kent includes builders’ merchants, roofing merchants, a timber processing site, and a dedicated e-commerce business.
While the new combined company will continue to be known as IBMG, its existing trading names and brands will continue to be used for all customer-facing activity.
Nick House, group chief executive of Grant & Stone and Peter Cudd, group managing director, will lead the business with support from a new group board led by David Moore as non-executive chairman, along with executive directors Allun Pittingale (group managing director for IBMG south east), Kevin Fenlon (group projects director and chief executive of RGB) and Richard Robinson (group chief financial officer).
Speaking about the announcement, Nick said: “This merger is the natural progression for both companies. Our branch networks and product ranges are highly complementary and our values, vision and commitment to customers are completely aligned, which creates exciting opportunities for us all.
“We have ambitious goals to fulfil but IBMG is well structured, with strong investor support, exceptional products, first-rate employees and a well-deserved reputation for superior service. I look forward to leading the next phase of development.”
Allun added: “This merger is exciting and as both companies can learn much from each other, it will deliver great things. I am looking forward to working together with Nick, David and my fellow directors to develop the long-term strategy and future direction of the new group.”
>> You can read more about the IBMG’s developments by clicking here.
