BME Group announces bolt-on acquisition
With the acquisition of the Detering Group, our North German SHAP network now stretches from border to border.
BME Group announces that it has reached an agreement, subject to regulatory clearances, to acquire the Detering Group, a family-owned Sanitary, Heating & Plumbing (SHAP) merchant operating 15 branches in Lower Saxony and Bremen. The acquisition strengthens BME Group’s SHAP presence in Germany, where the company is growing into one of the leading merchants in the Northern region of the country.
The Detering Group’s three brands, Detering, Tebbenjohanns and Rodenburg, complement the BME Group’s existing SHAP business with the Paulsen and Bergmann & Franz brands across Northern and Eastern Germany. With this acquisition, BME Group’s SHAP presence in Germany stretches from the Dutch to the Polish border and it will enable further acquisitions and greenfields.
The Detering Group employs approximately 400 people and is owned by the Detering and Dekker families. It is currently managed by Martin Dekker, his son Matthias Dekker and Klaus Detering. Following the acquisition and after a short handover period, Martin Dekker will retire, and Klaus Detering and Mathias Dekker will continue to work for the group.
Remco Teulings, BME Group CEO, says: “The acquisition of the Detering Group presents a significant step in our journey to become the leading builder merchant in Europe. Expanding our presence in our key markets is an important element in our growth strategy and we believe that the Detering Group is an excellent fit with our current footprint in the German market. We look forward to welcoming the Detering Group and its employees to our organisation.”
Financial details of the transaction were not disclosed.
BME Group completed the divestment of Raboni branches in Normandy
On 1 October 2021, BME Group (BME) completed the divestment of 12 branches in Normandy, part of BME France. The divestment of these branches to Point P allows Raboni (GBM) […]
BME Group expands its footprint in the Spanish market with acquisitions of Yesyforma and Planasdis
Today (1 October 2021) BME Group announces the acquisitions of Planasdis Girona, SL (Planasdis), closed on 1 August 2021, and of Yesyforma Europa, SL (Yesyforma) which closed on 1 October […]
Official closing of Baucentrum Cronrath acquisition
Today (30 September 2021) BME Group completed the acquisition of Baucentrum Cronrath’s (Cronrath) general building materials (GBM) distribution activities from the shareholders of Cronrath, which will enable BME Group to […]
Strong first half year performance driven by a strong market, delivery on strategic initiatives and value accretive bolt-on acquisitions
Financial results H1 2021 versus H1 2020• Revenue up (+10.6%) to €2,050 million • Normalized EBITDA increased by 35.8% to €168 million• Normalized EBITDA margin increased from 6.7% to 8.2% […]
BME Group acquired De Jong & Roos, expanding its ironmongery business in the Netherlands
BME Group (BME) and the shareholders of the De Jong & Roos B.V. have reached an agreement on the sale of its shares to BME. De Jong & Roos is […]
BME Group strengthens its market position in Eastern France with the acquisition of Silix and entered into exclusive negotiations with Point.P for the divestment of Raboni Normandie
Today, BME Group (BME) announces (i) the acquisition of Silix TP et Environnement (Silix) in the Eastern part of France, and (ii) entering into exclusive negotiations with Point.P (a Saint […]
Official closing of Maxmat acquisition
Today (1 September 2021) BME Group completed the acquisition of the remaining 50% of the share capital in Modelo – Distribuição de Materiais de Construção S.A. (“Maxmat”) from Sonae MC, […]