RNS Number:3923Q
Travis Perkins PLC
01 October 2003

For immediate release: 1 October 2003



                Travis Perkins acquires B&G (Plumbing & Heating)
                               for #23.5 million


Travis Perkins plc ("Travis Perkins"), one of the UK's leading builders
merchants, has acquired the entire issued share capital of B&G (Plumbing &
Heating) Ltd ("B&G").  Consideration for the purchase is #23.5m, payable in cash
from existing resources, based on enterprise value subject to final agreement of
the net asset value at completion.



B&G has a network of 12 branches mainly in South London and Surrey selling
plumbing and heating products.  For the year ended 31 August 2003 it achieved a
turnover of #38.3m and underlying operating profits of #2.1m.



The acquisition of B&G will enhance Travis Perkins' expanding network of
specialist plumbing and heating branches, increasing the total to 164, while
complementing the sale of plumbing and heating products from the group's other
merchant outlets.



Frank McKay, chief executive of Travis Perkins, said:



"The acquisition of B&G extends further our offering to the plumbing and heating
sector and is consistent with the established strategy of investing in growth
opportunities within our chosen areas of product specialisation.  We welcome the
management of B&G to our group."



Enquiries:


Frank McKay                                          Paul Hampden Smith
Chief Executive                                      Finance Director
Travis Perkins plc                                   Travis Perkins plc
Tel: 01604 683 030 (office)                          Tel: 01604 683 112 (office)
Tel: 07712 878 700 (mobile)                          Tel: 07712 878 242 (mobile)



Issued on behalf of Travis Perkins plc by Tavistock Communications Limited
(contact Keith Payne, tel: 020 7920 3150).


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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