Major acquisition sees construction supplier build to £120m turnover
Register for free to receive latest news stories direct to your inboxRegister
Hull-based Burton Roofing Merchants, the UK subsidiary of Cupa Group, has acquired Rinus Roofing Supplies for an undisclosed sum.
The deal strengthens Burton Roofing’s position as one of the largest independent specialist distributors of roofing materials in the UK.
Rinus, a family-owned business founded in 2007, is the second largest independent distributor of roofing products in the UK. It turned over £57m in 2019, employs 184 people and has a portfolio of more than 2,600 clients.
The firm owns 24 branches nationwide and provides full product coverage across all roofing applications. Following its acquisition the combined group will have total aggregate sales of approximately £120m.
Burton Roofing was advised on the acquisition by a multi-disciplinary team at Andrew Jackson Solicitors LLP, led by Philip Ashworth (corporate) and Geoff Phillips (property).
They were supported by Nicole Waldron (corporate), Yasmin Fenton (property), Fiona Phillips (tax) and Nick Wilson (employment).
Corporate partner, Philip Ashworth, said: “It has been a delight to assist the team at Burton Roofing on this major milestone in their growth.
“It is especially rewarding to represent them as a long standing client of the firm on this significant deal, which will see the business double in size.”
Paul Hattee, Burton Roofing’s managing director, said: “We are excited by the acquisition of Rinus, which has a strong track-record and solid market position in the UK, and is well placed for further expansion and future growth.
“Burton Roofing will now operate 37 distribution centres across the UK, becoming an increasingly important partner for the construction industry, which will generate total aggregate sales of approximately £120m.
“We continue to be delighted by the legal advice provided by Philip and the rest of the team at Andrew Jackson.
“The deal was a significant transaction and ultimately was run against a tight time deadline.
“The experience and breadth of knowledge in the Andrew Jackson team was of great importance in making sure we got the deal transacted for the benefit of all our stakeholders.”