The Independent Builders Merchant Group (IBMG) has acquired the Colchester and Bury St Edmunds builders merchant operations of Kent Blaxill.
The builders merchant operation has been acquired by IBMG from its PaintWell and will now operate as Kent Blaxill Builders Merchants.
The acquisition expands IBMG’s builders merchant network into East Anglia for the first time and provides a strong platform for further growth in the region, bring the Group’s amount of merchant branches in Southern England to 174.
Branch director Mark Ward will remain with the business and work with Allun Pittingale, IBMG’s Group managing director South East, and IBMG’s leadership team to integrate the two businesses and realise the potential that this partnership brings.
Martin Stables CEO, IBMG said “The acquisition makes perfect business sense for the builders merchanting side of Kent Blaxill who will benefit from our expertise in supplying the small and medium sized builder, backed by our best in class builders merchanting infrastructure and systems.
“For IBMG, the Colchester and Bury St Edmunds branches are highly complementary in terms of product offering and will merge seamlessly into our network of branches.
“It’s also very exciting to extend our presence in East Anglia with locations in Suffolk and Essex marking virgin geographical territory for the Builders Merchant arm of the Group.”
Keith Reville CEO of PaintWell said: “Our shared values, vision and commitment to our builder customers make this an obvious partnership.
“IBMG is leading the way in customer service and provides endless opportunities for growth and innovation – adding immense value to our offering.
“As a result, we are confident that our integration will be smooth and that our staff and customers will benefit hugely from being part of IBMG.”
Kent Blaxill’s painting & decorating business will continue to operate under the leadership of PaintWell.