: The divested business generated approximately £2.3 billion in net sales in 2022 with an operating margin of around 2%. Timeline of the Sale British chain Jewson to join STARK Group | CVC
The sale of the UK builders' merchant by Saint-Gobain was a significant corporate restructuring move initiated in late 2022 to optimize the group's business profile. This report outlines the timeline, valuation, and strategic rationale behind the transaction. Executive Summary
: The general builders' merchant with roughly 600 branches.
In December 2022, the French building materials giant agreed to sell its UK distribution business, including the flagship brand Jewson , to the STARK Group , which is backed by private equity firm CVC Capital Partners . The transaction was valued at £740 million (approximately €850 million) on an enterprise value basis. Key Transaction Details
: Gibbs & Dandy, JP Corry, Jewson Civils Frazer, Minster, and International Timber. Transaction Value : £740 million.
: Approximately 600 outlets and a workforce of around 8,900 employees.
