Travis Perkins has agreed to divest its Toolstation Benelux business as a standalone entity for cash consideration of €1 to Fidelium Partners.

The building materials distributor will make a final capital injection of approximately £35m to strengthen the Benelux business’s financial position as it transitions to independent ownership, with the transaction expected to complete before the end of the year.

As a result, Toolstation Benelux will be reported as a discontinued operation in Travis Perkins’ FY26 financial statements, with an expected loss of approximately £10m for the full year excluded from its adjusted operating profit.

The transaction is set to support the group’s return to growth in profitability and allow a redirection of its resources into "more value-creating activities".

CEO at Travis Perkins, Gavin Slark, added: "The proposed divestment of Toolstation Benelux represents further progress in simplifying the group’s operating model and supports our clear focus on being the UK’s leading distributor of building materials.

"We thank all our Benelux colleagues for their efforts in establishing and developing the business that exists today. Along with Fidelium Partners we wish them well with this next phase of their journey."

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