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A South West building supplies company has been bought by a national chain to form a 拢250million business.

Grant and Stone Group鈥檚 acquisition of Rawle Gammon and Baker Holdings Ltd, which trades as RGB Building Supplies, has created the largest independent builders鈥� merchant group in southern England.

The enlarged group will have 74 branches stretching from West London to Cornwall, with more than 1,000 employees and combined revenues approaching 拢250million.

Founded in 1850, RGB is one of the leading independent builders merchants in the South West serving customers across Devon, Cornwall and Somerset.

Headquartered in Barnstaple, its 22 branches 鈥� in locations such as Exeter, Torquay, Bodmin, Penzance, Tiverton, Wellington, Paignton and Dawlish - offer trade and retail customers an array of landscaping, plumbing and heating, heavyside and lightside, decorating and general building materials, as well as kitchen, bathroom and bedroom showrooms.

RGB also operates a timber sawmill and engineered wood product business under the RTD brand. RGB employs more than 300 people and in 2020, achieved revenues of 拢70million.

RGB鈥檚 chief executive Kevin Fenlon will continue to run the business, reporting to Nick House, Grant and Stone鈥檚 Group chief executive, and will join the Grant and Stone Group board.

Mr Fenlon said: 鈥淭his partnership is exciting and will deliver great things. I am looking forward to joining the board and working together with the Grant and Stone directors to advance the long-term strategy and future direction of the group.

鈥淲e are completely aligned in our ambitions for the company and how we achieve them, as well as having a shared approach to product excellence and outstanding customer service.鈥�

Grant and Stone鈥檚 stated strategy has been to develop its builders鈥� merchant business through a combination of acquisitions, new-site development and organic growth.

With no overlap of locations, RGB鈥檚 complementary branch network and product range provide geographic expansion, product extension and provides a strong platform for further growth.

Culturally, both companies are highly aligned, sharing a common vision, independent ethos and commitment to providing the highest standards of customer service, Grant and Stone said.

Despite the challenges brought by Covid-19, Grant and Stone has remained resilient with a clear focus of what it wants to achieve in future.

With the support of its strategic investment partner, Cairngorm Capital Partners, this acquisition advances the group鈥檚 ambition for further growth and future partnerships.

Mr House said: 鈥淲e are delighted to welcome RGB to the group. Our shared values, vision and commitment to customers make this an obvious partnership and RGB, a welcome addition to our Group.

鈥淕rant and Stone is at a really exciting point in its development and we have ambitious plans to fulfil but we are fortunate to be able to benefit from strong investor support, exceptional products, first-rate employees and a well-deserved reputation for superior service. We are excited about the next phase of our development.鈥�

Grant and Stone was advised on this transaction by Grant Thornton (financial and tax) and Gowling (legal). RGB was advised by PKF Francis Clark (corporate finance) and Ashfords (legal).