Pinsent Masons advises Saint-Gobain Limited on the £740m sale of its UK distribution business

13 Jan 2023 | 09:44 am |

Multinational law firm Pinsent Masons is advising Saint-Gobain Limitedon the sale of all its UK distribution business to the Stark Group. 

Brands within the £740m sale include Jewson, Jewson Partnership Solutions, Gibbs & Dandy, JP Corry and Jewson Civils Frazer amongst others. The Stark Group is headquartered in Denmark. 

The distribution business comprises 600 outlets and employs some 8,900 people. The distribution business is expected to generate revenue of around €2.7 billion in 2022 with an operating margin of around 2%.  The divestment is based on an enterprise value of £740 million (around €850 million). The transaction is due to complete in the first quarter of 2023.

Pinsent Masons is advising Saint-Gobain Limited on the commercial property aspects of the sale. The team is led by Richard Daffern and Andrea McIlroy-Rose and includes Natalie Hughes. 

Richard Daffern said: “Our continued relationship with Saint-Gobain Limited is testament to our cross-disciplinary capabilities bringing together expertise from our property and corporate teams. We look forward to supporting them further as they look to realise their growth and impact plan.”

Saint-Gobain has been divesting itself of specialist distribution brands in the United Kingdom over the last 18 months. Pinsent Masons’ corporate and property teams, led by John Tyerman supported by Sophie Thornton, and Richard Daffern supported by Natalie Hughes respectively, has acted on a number of these divestments. This includes advising on the sale of the Graham brand, the Bassets brand, the Ceramic Tiles Distributors brand and the International Decorative Surfaces brand. 

 

Latest press releases

Show me all press releases

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture

Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.

Pinsent Masons advises Lloyds Bank on £62 million fund to invest in sustainable business and regional development

Multinational law firm Pinsent Masons has advised Lloyds Bank on the launch of a £62 million investment fund to help small businesses across England and Wales access finance to support local jobs and economic activity.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies

Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.

Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture

Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.

PM implement emissions programme for supply chain

Multinational law firm Pinsent Masons is launching a free, comprehensive net-zero programme for its small and medium-sized enterprise SME suppliers to help them reduce greenhouse gas emissions through science-based targets.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.