Travis Perkins is about to become the largest plumbing and heating business in the UK after agreeing to buy the BSS Group for £557.6 million.
“Our respective businesses are complementary and we look forward to working with BSS’s customers, suppliers and employees,” said Robert Walker, chairman of Travis Perkins.
But job losses are feared as Builders’ merchants Travis Perkins, which also own Wickes, will want to cut costs by more than £25 million.
The deal is subject to shareholder approval, although Travis Perkins said it had already received undertakings of support from around 35% of BSS investors.
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