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Travis Perkins completes disposal

3 Oct 11 Travis Perkins has completed the £27.6m sales of its Buck & Hickman tools distribution business to European distribution group Brammer.

The deal was announced last month.

Buck & Hickman was acquired by Travis Perkins when it bought BSS Group last year but it was not considered a core business.

The management and staff of Buck & Hickman will transfer with the business to Brammer. Buck & Hickman has a network of 28 branches throughout the UK, as well as a catalogue and online business. Net assets at 31 March 2011 were £32.8m, including intangible assets of £13.7m, and gross assets of £50.3m.

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