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Howdens to buy £390m DIY Kitchens of Pontefract – Northern Financial Review
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Howdens to buy £390m DIY Kitchens of Pontefract – Northern Financial Review
Howden Joinery Group has agreed to acquire the parent company of Pontefract-based Ultima Furniture Systems Limited, which trades as DIY Kitchens, for an enterprise value of £390 million — £292.5 million in cash and £97.5 million in Howdens’ shares. Howdens CEO Andrew Livingston said: “Howdens’ highly successful trade-only model is built around supporting solely trade customers with outstanding in-stock availability, expert local depot teams, and…
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