Travis Perkins: Divestment of Toolstation Benelux
Summary by AI BETAClose X
10 November 2026
Travis Perkins plc, the UK’s largest distributor of building materials, announces the proposed disposal of its Toolstation Benelux business
Travis Perkins plc today confirms that the Group has agreed to divest its Toolstation Benelux business as a standalone entity for cash consideration of €1 to Fidelium Partners. The Group will make a final capital injection of approximately £35m to strengthen Toolstation Benelux’s financial position as it transitions to independent ownership, and expects to complete the transaction before the end of the year, subject to completion of the applicable works council consultation process in the Netherlands.
Accordingly, Toolstation Benelux will be reported as a discontinued operation in the FY26 financial statements, with its expected loss of approximately £10m for the full year excluded from the Group’s FY26 Adjusted Operating Profit. This transaction will therefore support the Group’s return to growth in profitability and allow a redirection of its resources into more value-creating activities.
Chief Executive Officer Gavin Slark commented “The proposed divestment of Toolstation Benelux represents further progress in simplifying the Group’s operating model and supports our clear focus on being the UK’s leading distributor of building materials. We thank all our Benelux colleagues for their efforts in establishing and developing the business that exists today. Along with Fidelium Partners we wish them well with this next phase of their journey."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018).
Enquiries:
|
Travis Perkins |
|
FGS Global |
|
Duncan Cooper |
|
Faeth Birch / James Gray |
|
+44 (0)1604 752 424 |
|
+44 (0) 207 251 3801 |
|
duncan.cooper@travisperkins.co.uk |
|
TravisPerkins@fgsglobal.com |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 45 minutes ago ASOS
- 1 hour ago MJ Gleeson
- 1 hour ago Rolls-Royce Holdings
- 1 hour ago Crest Nicholson Holdings
- 2 hours ago Naked Wines