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New Spin: UK’s Top Builders’ Merchants Retailer Goes for Demerger

The UK’s largest builders’ merchants retailer, Travis Perkins Plc (TPK), is going through a momentous change which has already seen the recent stepping down of its CEO and COO, the upcoming sale of its plumbing & heating (P&H – just over 22% of its revs) division by 2019 and the demerger of well-known UK home improvement retailer Wickes by 1H 2020. TPK enters the upcoming EU Spinoff Calendar.

  • British Builders’ Merchant, Travis Perkins, to Separate Home Improvement Retailer, Wickes
  • Pushed for Sale of Plumbing & Heating Division By 2019
  • Management Shake-Up Ahead of Split / CEO & COO Step Down
  • Takeover Specialist and Advisor (Part of UK Takeover Panel) Remains
  • Expected 1H 2020 Spinoff / TPK Enters the ESR Upcoming EU Spinoff Calendar
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