West London-based Lords Builders Merchants has acquired the majority share capital in Hevey Building Supplies.
Shanker Patel, Chief Executive Officer of the Lords Group, said: “We are delighted to have the opportunity to acquire a share in this long standing successful business from its retiring owner – Neil Hemmington. 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.”
The business is planning to move its main branch in Northampton to a new 4-acre site, which will open late 2017/early 2018.
Both busineses are members of the H&B Buying Group and is the third takeover of a fellow H&B member by Lords Builders Merchants.
Following this acquisition, Hevey Building Supplies will continue as a separate company within the Lords Group.
Picture caption: Shanker Patel, CEO of the Lords Group, is "delighted" to have acquired the majority share capital in Hevey Building Supplies.