Another Roofing Acquisition for IBMG
SUSSEX-BASED MS Roofing Supplies (MSR) is the second acquisition announced in the past week by the Independent Builders Merchant Group (IBMG).
Last week, news of IBMG’s acquisition of Dorset-based specialist roofing merchant, Roofing Gear was announced.
Martin Stables, IBMG CEO
Martin Stables, CEO, IBMG, said: “Making selected acquisitions to enhance our current offering and increase IBMG’s geographic reach is part of our strategic plan. The Group will continue to look for more opportunities to complement our existing business and bring our differentiated and comprehensive offering to current and new customers.”
MS Roofing Supplies Acquisition for IBMG
Established in 2003, MSR is a local independent roofing merchant and provides products for both pitched and flat roofs from its five locations in Brighton, Chichester, Crawley, Portslade and Worthing.
MSR’s branch network and product range provide IBMG’s roofing division with further geographic expansion, product extension and a strong platform for further growth, the company says.
Tony Siriano, Managing Director of MS Roofing Supplies will be leaving the business. He said, “It has been a great honour to lead the employees of MS Roofing Supplies through the years, and having made the decision to step away from the business, it seemed logical to find a partner who would ensure MS Roofing Supplies fulfils its potential. I believe the partnership with IBMG will achieve this. I am confident that this acquisition will provide an excellent home for both our customers and our people who will thrive within a highly respected, independent roofing and builders merchant focused on excellent customer service.”
The Independent Builders Merchants Group is the largest owner of independent building and roofing merchants in the south of England. It has 182 branches following the acquisition of MS Roofing Supplies, generating revenues in excess of £650m, employing 2,200 people.
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