The deal, whose amount was not disclosed, remains subject to customary closing conditions, including approval by the competition authorities. In conjunction with the transaction, Siparex, ehich has been a shareholder since 2010, is selling the largest part of its stake in Legallais.
The company intends to use the funds to further grow in France and in selected other European markets.
Established in 1889 and led by Philippe Casenave-Péré, CEO and President, Groupe Legallais provides craftsman, building operators and maintenance companies with general building and housing finishing works (building products, consumables, tools, plumbing products, electricity products, etc.). More than 40,000 professional clients are being served via multiple distribution channels, including direct sales, online channels and 13 own points of sale.
The company, which has a French presence through Legallais and 4 other minor subsidiaries, also has smaller affiliates in Germany and Poland. The group employs almost 1000 people and realized a turnover of above €225m in 2015. are being served by Legallais.