2022---sale-of-jewson-by-saint-gobain--first-offers-in-mid-october- Here

In December 2022, the French building materials giant agreed to sell its UK distribution business, including the flagship brand Jewson , to the STARK Group , which is backed by private equity firm CVC Capital Partners . The transaction was valued at £740 million (approximately €850 million) on an enterprise value basis. Key Transaction Details

: The general builders' merchant with roughly 600 branches. In December 2022, the French building materials giant

The sale of the UK builders' merchant by Saint-Gobain was a significant corporate restructuring move initiated in late 2022 to optimize the group's business profile. This report outlines the timeline, valuation, and strategic rationale behind the transaction. Executive Summary The sale of the UK builders' merchant by

: Saint-Gobain Building Distribution Ltd, encompassing: Transaction Value : £740 million

: Gibbs & Dandy, JP Corry, Jewson Civils Frazer, Minster, and International Timber. Transaction Value : £740 million.

: Approximately 600 outlets and a workforce of around 8,900 employees.