Smith Cooper worked with Frank Key Group Ltd on its recent acquisition of C Bancroft who owns Banson Tool Hire Ltd and Charles Watson (Ironmongers) Ltd. Frank Key was established in 1907 and is a privately owned, independent supplier of building and timber materials across Nottinghamshire and Derbyshire. The acquisition strengthens and complements Frank Key’s business in the Yorkshire area, and also opens up new geographical areas.
Banson Tool Hire Ltd has ten branches across Yorkshire and Lancashire, whilst Charles Watson (Ironmongers) Ltd has depots in Halifax and Leeds as well as a large online presence. The acquisition expands the branch network further north into South & West Yorkshire and Lancashire for the Frank Key Group. The purchase also increases the number of tool hire depots to 14 and the addition of the specialist ironmongery branches whilst adding to their builders merchant network.
Smith Cooper Team