Plumbing merchant buys tools supplier from Premier Farnell
The BSS group has acquired tools supplier BuckHickman from Premier Farnell for £27m.
The deal is expected to conclude in four weeks following consultation with BuckHickman employees.
BuckHickman made an operating loss of £0.8m on a turnover of £99.8m for the year ended 28 January 2007. Gross assets were £35.4m.
BSS chief executive Gavin Slark said: “I am delighted that we have secured one of the leading names in the tools and site safety sector.”
BSS shares rose 8p to 482p this morning.