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Travis Perkins buys BSS for £558m
BUILDERS merchant Travis Perkins has agreed to buy BSS Group for £557.6m ($845m) to expand its heating and plumbing trade and retail distribution business.
Robert Walker, chairman of Travis Perkins said: “We believe that there is a strong strategic rationale for the acquisition of BSS which will create the leading plumbing and heating trade and retail distribution business in the UK.”
Travis Perkins said it believed it could achieve annual cost savings of at least £25m in 2013 through the deal after one-off costs of about £5m.