Deal Announcement: Sale of Allsand Supplies Ltd to Grafton Group Plc2 March, 2016
Cripps is delighted to have advised the vendors of Allsand Supplies, a successful family-owned builders merchants, on the sale of their business to Grafton Group Plc. The acquisition of Allsand Supplies, a 30-year old business based in Larkfield Kent, with revenues of £6m, will enable Grafton Group Plc to enhance its geographic coverage and existing network in the South East of England. Grafton Group is a builders merchants and DIY Group with operations in the UK, Ireland, the Netherlands and Belgium.
Cripps advised the vendors on all aspects of the sale, liaising with the buyer’s solicitors, accountants and tax advisers.
“It’s difficult to hand over a business which you have built up and worked in for 30 years, but the whole team at Cripps really helped us work through the process and we are delighted with the outcome.” Kevin O’Sullivan, owner, Allsand Supplies.
This is one of a number of transactions Cripps has successfully completed recently. To find out more about how we can help you, please get in touch.