Posted on 15 March 2013
Nottingham-headquartered building and timber supplier Frank Key Group has bought the builders' merchant subsidiary of the £50m-turnover Dyson Group.
Midlands professional services firms Fraser Brown and Cooper Parry advised the business on the The Builders Centre (Sheffield) Ltd transaction.
Frank Key, founded in 1907, has sites across Nottinghamshire and Derbyshire. It provides a range of products and services, including building materials, landscaping, tool and skip hire, kitchens and bathrooms, timber, doors and joinery.
The Builders Centre is a wholesaler of building products and supplies based in Sheffield.
The two businesses are members of the National Buying Group and had a pre-existing relationship prior to the acquisition.
Frank Key managing director James Norton said: "We are delighted to add The Builders Centre to the Frank Key Group of companies and look forward to growing the operations in Sheffield and the surrounding areas.
"The Builders Centre, and its managing director Perry Eyre, has an excellent reputation throughout the industry and this can only benefit the group in the future."
Chris Faulkner of Fraser Brown's corporate department added: "We are really pleased to work with Frank Key again and see them continue to expand. Sheffield is a new territory for them so we wish them all the best."
Frank Key also received financial support from James Bagley at Smith Cooper.
Dyson Group was advised by DLA Piper, with PKF acting as lead adviser on the transaction.