Saint-Gobain has agreed the sale of three of its remaining four UK distribution brands specialized in plumbing, heating and sanitaryware products.
Wolseley UK is expected to complete the acquisition of Neville Lumb, DHS and Bassetts from Saint-Gobain in early 2022.
The company has also entered into exclusive negotiations with Wolseley UK for the sale of Ideal Bathrooms, its remaining UK distribution brand.
Together, these four brands employ 485 people and have 25 outlets, generating a turnover of approximately €130 million in 2020.
On successful completion of these transactions, given the divestment of Graham (turnover of approximately €260 million in 2020, across 130 outlets) in August 2021, Saint-Gobain will no longer have any distribution brands specialized in plumbing, heating and sanitary ware products in the UK.