11th Oct 2007 12:22
Travis Perkins PLC11 October 2007 11 October 2007 TRAVIS PERKINS PLC Travis Perkins agrees to acquire 7 stores from Focus Travis Perkins PLC ("Travis Perkins"), one of the UK's leading builders'merchants and home improvement retailers, announces that its subsidiary company,Wickes Building Supplies Limited ("Wickes") has agreed to acquire 7 stores fromFocus (DIY) Limited and Payless DIY Limited (together, "Focus") for £4.0million. The acquired stores are well located and fit well with the group's successfulWickes retail home improvement format. All 7 will be immediately converted toWickes, increasing the Wickes network to 190 stores. This acquisition, whichwill complete before the end of 2007, is expected to be earnings enhancing in2008. Geoff Cooper, Chief Executive of Travis Perkins said: "The acquisition of these 7 stores further expands our Wickes network, and willhelp us continue our recent gains in like-for-like and total market share. Wewelcome the colleagues in these stores into our Group and look forward tofurther growth in our store base in 2008 and beyond." - ends - Enquiries: Geoff Cooper, Chief ExecutiveTravis Perkins PLC Tel: +44 (0)1604 683 221 Paul Hampden Smith, Finance DirectorTravis Perkins PLC Tel: +44 (0)1604 683 221 David Bick/Mike FelthamSquare1 Consulting Limited Tel: +44 (0)20 7929 5599 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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