Data Yard has gained support from two of the largest merchant groups in the industry, with Travis Perkins plc and Selco Builders Warehouse joining the platform as external shareholders.
The announcement signifies that the industry-owned data pool, established by Building Materials Digital Services Ltd – a joint venture between the BMF and NMBS – has now achieved 70% of its investment target. Paul Beaman, Group Commercial Director – Merchanting at Travis Perkins, and David Lennon, Commercial Director at Selco, have been appointed to the BMDS Board and will assume their roles at the next meeting in December.
Commenting on this significant milestone for BMDS, BMF Chair Richard Hill said: “Through BMDS we are creating a resilient, future-proof solution to streamline the sharing of product information that benefits the entire building materials supply chain. I am delighted to welcome Travis Perkins plc and Selco to the project. Together, we are ensuring the supply chain is better equipped for the future, benefitting merchants, suppliers and customers across the UK.”
John Newcomb, BMF CEO, added: “The addition of Travis Perkins PLC and Selco as shareholders in BMDS marks a pivotal step forward for our industry’s digital transformation. Their support not only strengthens the reach and impact of Data Yard but also demonstrates a shared commitment to innovation and collaboration within the building materials sector.”
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