RGB Building Supplies has been acquired by Grant & Stone to become part of the largest independent builders merchant group in southern England.
The company will continue trading as RGB Building Supplies across Devon, Cornwall and Somerset, and its head office will still be located in Barnstaple. The majority of RGB’s executive board of directors will not change and its current chief executive Kevin Fenlon will remain leading the business.
Customers will continue to receive the same high standards of service and will not see any changes when visiting their local branch. The acquisition will allow RGB to further add to and improve its offering.
Proceeds of over £2.5 million from the sale will be shared with RGB’s 350 employees as a reward for their commitment, long service, loyalty and support.
Retiring RGB chairman Colin Worth, who has worked for the business for 54 years, says: “The directors of RGB wanted to acknowledge the many years of hard work and determination our colleagues have put in to helping grow RGB into one of the leading builders merchants in the South West. Thanks to them, we have built fantastic relationships with our customers, who have and will continue to buy building materials from a strong andregional independent builders merchant.
“We are extremely proud of the RGB team and wanted to say thank you for everything they’ve done for the business. We look forward to growing the company with them.”
Kevin Fenlon, chief executive officer of RGB, adds: “This partnership is exciting and will deliver great things. RGB and Grant & Stone are completely aligned in our ambitions for the company and how we achieve them. We also have a shared approach to product excellence and outstanding customer service.”
RGB Building Supplies has branches across the South West in Barnstaple, Bideford, Bodmin, Crediton, Dawlish, Exeter, Exmouth, Hatherleigh, Holsworthy, Ilfracombe, Launceston, Okehampton, Paignton, Penzance, Porthleven, South Molton, Tiverton, Torquay, Wellington and Wiveliscombe. Visit rgbltd.co.uk
Grant & Stone Group was established in 1987 and is an independent provider of quality products and services for the building, plumbing and electrical trades. Via its three specialist building, plumbing and electrical divisions, it has 44 branches stretching from London to the South West. Headquartered in High Wycombe, the Grant & Stone Group employs more than 700 people and in 2020 achieved revenues of £140m. Visit grantandstone.co.uk
• RGB Building Supplies is sponsor of the Business Action North Devon Excellence in Construction Award 2021 – enter now at business-action.co.uk/awards/2021-awards/excellence-in-construction-award