Stamco builders’ merchants, which is based in Hastings, has announced it will join the H&B merchant group.
With a turnover reported in excess of £30 million, Stamco is said to have experienced considerable growth and now trades out of five branches.
Managing Director, John Cornelius, said: “We are tremendously excited to be joining the H&B Group. We see the buying group landscape changing and when we heard about the exciting plans that H&B are implementing our minds were made up that we wanted to be part of the group.”
Nick Lander, Managing Director of H&B, added: “Stamco is our third major addition to the group so far this year. They combine state-of-the art branches with superb customer focus, resulting in fantastic growth. They are a credit to the builders’ merchant industry and we are absolutely delighted to have them with us.”
H&B merchant group was founded 20 years ago and has now grown to over 74 members with a combined turnover approaching £1 billion.