Press Releases
JACKSON’S LATEST ACQUISITION
30th March 2006
Jackson Building Centres has recently reached agreement to buy the share capital of K W Davis Builders Merchant in Market Rasen.
Jackson’s, which currently has 20 branches in the East Midlands, has been in negotiations with the shareholders for several months.
An agreement was reached to with the previous owners and contracts were exchanged and completed on 7th April. The branch, which has an annual turnover of £2m will become part of Jackson’s northern division and will be overseen by Roger Francis, as operations director (northern).
The acquisition comes as part of an ongoing investment programme by Jackson Building Centres to develop and expand the business, which has included refurbishment at many of the group’s branches including Skegness, Horncastle and Gainsborough, as well as completion of the purpose-built Swinton branch in South Yorkshire and improvements to the Sleaford centre.
Simon Jackson, Joint Managing Director commented: “This is a very exciting time for Jackson’s as we continue to grow and develop the business. We are absolutely delighted to have reached an agreement with K W Davis. We welcome Jim Kelham, branch manager and all his staff to the Group and we are very much looking forward to working with them.”
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Notes to editors:
Jackson Building Centres has 20 branches located in Boston, Chesterfield, Corby, Gainsborough, Grantham, Grimsby, Horncastle, Lincoln, Louth, Newark, Nottingham, Oakham, Scunthorpe, Skegness, Sleaford, Spalding, Spilsby, Stamford, Sutton and Swinton.
Established in 1946, the comprehensive builders’ merchants business has a turnover of c £145m and employs over 1,050 people throughout the East Midlands.
Press contacts:
Liz Dimitrijevic or Claire Windsor
Telephone: 01302 368651
Fax: 01302 341735
Email: liz@cobear.co.uk or clairewindsor@colbear.co.uk