Independent Builders Merchant Group (IBMG) Acquires Cornish Fixings (Redruth)
March 1, 2022
Independent Builders Merchant Group (IBMG), a portfolio company of Cairngorm Capital Partners, has acquired Cornish Fixings (Redruth) Limited, a single-branch builders' merchant based in Redruth, Cornwall. The deal is an add-on acquisition that strengthens IBMG/RGB's presence in the South West, secures succession for Cornish Fixings' founder Jon Sawyer, and provides a platform for further growth in the Redruth area.
- Buyers
- Independent Builders Merchant Group (IBMG), Cairngorm Capital Partners
- Targets
- Cornish Fixings (Redruth) Limited
- Sellers
- Jon Sawyer
- Platforms
- Independent Builders Merchant Group (IBMG), RGB Building Supplies (RGB)
- Industry
- Building Products
- Location
- Cornwall, United Kingdom
- Transaction Type
- Addon
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