Travis Perkins Plc: sale of Staircraft business
1st May 2025 07:31
Travis Perkins (TPK) Travis Perkins Plc: sale of Staircraft business 01-May-2025 / 07:30 GMT/BST 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."
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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 |
UK Regulatory announcement transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.