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Wed December 19 2018

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Saint-Gobain sells UK pipes business

10 Feb 15 French building materials giant has sold its UK pipes and valves distribution business, Ashworth, to a private investment firm

Coventry-based Ashworth distributes pipes, valves and fittings to the mechanical services and process industries, trading from six sites with 135 employees in the UK. In 2014, it generated sales of £32m.

The new owner is GIL Investments, a West Midlands investment firm set up by the late David Groves, the former chief executive and chairman of Hill & Smith.

The sale was described as part of ongoing portfolio optimisation within Saint-Gobain Building Distribution, which has also seen the recent sale of the US business Meyer Decorative Surfaces (MDS) to Rugby Architectural Building Products.

MPU

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