M&A Deal Summary

Premier Farnell Acquires Buck & Hickman

On June 14, 2001, Premier Farnell acquired distribution company Buck & Hickman from Charles Baynes for 65M GBP

Acquisition Highlights
  • This is Premier Farnell’s 1st transaction in the Distribution sector.
  • This is Premier Farnell’s largest (disclosed) transaction.
  • This is Premier Farnell’s 1st transaction in the United Kingdom.
Investment Fate
  • Buck & Hickman was divested to a consortium of strategic buyers in 2007.
  • Buck & Hickman was divested to a consortium of strategic buyers in 2011 for 28M GBP.

M&A Deal Summary
Date 2001-06-14
Target Buck & Hickman
Sector Distribution
Buyer(s) Premier Farnell
Sellers(s) Charles Baynes
Deal Type Divestiture
Deal Value 65M GBP

Target

Buck & Hickman

Coventry, United Kingdom
Buck & Hickman Ltd. is a UK business-to-business distributor of industrial tools and supplies, selling products through catalogues, via its own branches and through its external sales force, of approximately 75 people. It has a National Distribution Centre in Coventry, stocks more than 48,000 products and has a well established "not in catalogue" service to customers. It has approximately 17,000 active customers and employs 700 staff.

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Buyer(S) 1

Buyer

Premier Farnell

London, United Kingdom
Category Company
Founded 1934
Sector Distribution
Employees4,500
Revenue 904M GBP (2016)
DESCRIPTION

Premier Farnell plc is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The company supports a registered community of more than 430,000 members in 36 countries with multi-channel sales and marketing resources that combine traditional field sales and contact resources with innovative ecommerce interfaces.

DEAL STATS #
Overall 1 of 3
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-03 Premier Farnell - Industrial Products Division

Cleveland, Ohio, United States

Premier Farnell - Industrial Products Division is a distributor of MRO products to industrial and automotive clients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-31 Premier s KENT Division

United Kingdom

KENT distributes adhesives, sealants, specialty cleaning chemicals, abrasives, tools and other consumables to the European transportation aftermarket and industrial maintenance market.

Sell $41M

Seller(S) 1

SELLER

Charles Baynes

Surrey, United Kingdom
Category Company
Sector Distribution
DESCRIPTION

Charles Baynes plc is a distribution group of flow control products (including valves, actuators, instrumentation and controls, piping and hose) to international end-users world wide.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-17 Simone Engineering

Milwaukee, Wisconsin, United States

Simone Engineering is a distributor of industrial valves, process control instruments and related flow control equipment to industrial customers in the upper Mid West.

Buy $10M
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