Huws Gray acquires 40-branch counterpart
Builders' merchant Huws Gray has acquired a 40-branch counterpart – the company's fifth acquisition in six months.
The deal for East Anglia-based Ridgeons takes staff numbers up to 1,800 across about 100 branches in the UK.
Llangefni-headquartered Huws Gray, whose branches in the county include at Shrewsbury and Telford, is now thought to be the largest independent builders' merchant in the UK.
Ridgeons, which traces its roots back to 1911, has a strong focus on the growing repair, improvement and maintenance segment, as well as a customer base of over 16,000 clients.
Terry Owen, chief executive of Huws Gray, said: "The acquisition of Ridgeons represents a real milestone for our company as we become the largest independent builders' merchants in the UK.
"Ridgeons is an excellent business with a genuine leadership position in its region and is a perfect addition to Huws Gray’s growing footprint. We were struck not only by the strength of the company, but also by the considerable similarities between our cultures and management style."
Gordon Ridgeon, on behalf of the Ridgeon family, said: "Our priority was to find a new owner for Ridgeons with the same culture and values.
"We are confident that in Huws Gray we have found a like-minded owner who will further strengthen the Ridgeon brand and continue to build on the success of the past 107 years."
