4th Feb 2008 07:01
Travis Perkins PLC04 February 2008 4 February 2008 TRAVIS PERKINS PLC FURTHER EXPANSION OF TRAVIS PERKINS Travis Perkins PLC ("Travis Perkins"), the leading builders' merchants and homeimprovement retailer, announces today a promising start in 2008 to thecontinuing expansion of its branch network. In the first five weeks of the yearthe Group has opened a total of 13 new branches, expanding both its trade andretail divisions. The branches include eight brownfield openings and five acquisitions. Aggregateconsideration for these acquisitions and investment in the brownfield openingsis expected to be £20 million, with these businesses expected to add £24 millionof turnover to the Group in their first 12 months of trading. The additional branches comprise seven Travis Perkins branches, one Keylinebranch, one Tile Giant outlet and four Wickes stores. The Group's network now comprises 1,138 branches across its seven brands. Geoff Cooper, Group Chief Executive said: "On a like-for-like basis, the Group is growing ahead of market growth rates. "Our proven operational efficiency enables us to pursue a value accretiveexpansion policy, both through our brownfield programme and through selectiveacquisition of good merchanting businesses where there are a number ofattractive opportunities for the Group." Enquiries: Geoff Cooper, Chief ExecutiveTravis Perkins PLC +44 (0) 1604 683 222 Paul Hampden Smith, Finance DirectorTravis Perkins PLC +44 (0) 1604 683 111 David Bick/Mark LongsonSquare1 Consulting Limited +44 (0) 20 7929 5599 - ENDS - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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