Lords acquires majority stake in Hevey Building Supplies27 October 2017
West London based Lords Builders Merchants has acquired the majority share capital in Hevey Building Supplies Ltd.
The deal to buy the shares from Hevey’s retiring owner Neil Hemmington comes as Hevey is planning a move of its main branch in Northampton to a new 4-acre site in late 2017/early 2018.
“Mark Mulvey will be continuing as managing director and we are looking forward to working together with the existing team to expand the business further,” said Shanker Patel, CEO of the Lords Group.
“Both businesses are members of the H&B Buying Group and it is the third takeover of a fellow H&B member by Lords.”
Following this acquisition, Hevey Building Supplies will continue as a separate company within the Lords Group.