Birchwood Price Tools (BPT) has sold by Travis Perkins PLC to tools supplier and distributor Toolstream Limited.
The sale of BPT on 1st October 2018, will not affect its operation as a stand-alone business, with the same teams remaining employed.
Acquired by the Travis Perkins Group in 2011, BPT doubled the size of its organisation. Matt Hunt, BPT Managing Director believes BPT’s success has been built on strong partnerships with resellers in particular.
He said: “The trust that customers are placing in BPT, the pull from tradespeople and skilled professionals for BPT’s brands and the company’s results, are all speaking for themselves as the company goes from strength to strength.
“This is an exciting new chapter for our company and teams. Travis Perkins was clear it would only sell BPT to an organisation that would value our brands and our people, and that would offer the expertise and support to help us to continue to develop and implement our ambitious growth plans.
The BPT brands now join the existing portfolio of Toolstream, which includes Triton, GMC, Dickie Dyer, Task and Bench Dog.
Matt continued: “We’re delighted that Toolstream has acquired us. Under our new ownership we will continue to improve our overall proposition and partnership approach, which will benefit, first and foremost, our existing customers who have been reselling our brands, in many cases, for years. We will also look to develop new relationships with organisations that we’ve not previously supplied, leveraging our expertise and proven success in a number of sectors.’’