Parker Building Supplies Acquires Sussex Turnery and Moulding Company (Stamco)

June 17, 2019

Parker Building Supplies, a portfolio company of Cairngorm Capital Partners, has acquired Sussex Turnery and Moulding Company Limited (trading as Stamco). Stamco, a Hastings-headquartered independent builders' merchant and wholesale timber processor with five branches, ~180 employees and reported 2018 revenue of £32m, was sold as owners Mike Cullis and Roger Brightiff retired; the deal expands Parkers' footprint to 20 branches across Sussex and Kent with combined revenues of more than £100m and over 450 employees.

Buyers
Parker Building Supplies, Cairngorm Capital Partners
Targets
Sussex Turnery and Moulding Company Limited (Stamco)
Sellers
Mike Cullis, Roger Brightiff
Platforms
Parker Building Supplies
Location
East Sussex, United Kingdom
Transaction Type
Addon

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