Jewson completes Build Center acquisition

Dec. 1, 2011
Jewson, part of Saint-Gobain Building Distribution, has completed its acquisition of Build Center from Wolseley UK. <br> <br> This follows the announcement in July that Jewson had entered into an agreement with Wolseley to acquire Build Center, subject to regulatory review by the European Commission. This has now been completed and the acquisition has been referred to the UK's competition authority, the Office of Fair Trading (OFT) for review. Until the OFT has completed its review, the Build Center business will be managed separately from Jewson. <br> <br> Build Center is the UK's fourth largest general builders' merchant, with a turnover of £316 million in 2010. Employing almost 1,600 people, it operates through a national network of 148 branches, including specialist timber, glass and ironmongery centres. In particular, the acquisition will enable Jewson to strengthen its position in the UK building distribution sector and enhance its offer for customers. It will also bring with it significant benefits and synergies for SGBD in the UK &amp; Ireland, particularly in procurement and logistics. <br> <br> On September 22, Saint-Gobain also signed a memorandum of agreement with Wolseley for the acquisition of Brossette, a French plumbing and heating distributor. This followed consultation of …

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