M&A activity in our sector continues as it has been announced that trade-counter business GAP has acquired southwest-based Horizon Plastics for an undisclosed sum.

Here is the statement in full, published on the GAP website:

GAP is delighted to announce the acquisition of Horizon Plastics in the Southwest.

Horizon Plastics operate 3 successful depots in Launceston, Bodmin and Helston in the Southwest, making them the perfect fit for GAP’s continued expansion in this area.

Established back in 2012, Horizon Plastics have expertly serviced customers with a wide variety of low maintenance building products and became a customer of GAPs approximately 5 years ago, supplying the full range of HomeLine Building Products.

The strength of the relationship both sides have forged over the years, has made the acquisition both strategic and logical for all concerned.

Simon Bird, GAP’s Joint Founder commented about the acquisition. “It’s great to have the Horizon depots join our network. Their depots are perfectly located in Cornwall, which has long been an area our business has wanted to strengthen in. It also follows the opening of our depots in Taunton and Exeter earlier this year, which have provided an important logistical corridor into this territory.  We’re now keen to help these new depots prosper and deliver the improved service and product offerings to new and existing customers in the locality.”

Andrew Jones, from Horizon added, “The deal with GAP will be welcomed by our existing team members, as we can now go even further to support our customers by being able to call upon the size and scale that GAP can offer. We will be able to carry more stock, offer improved deliveries and collections, whilst offering the full range of products they manufacture.”

As part of the deal, GAP are delighted to welcome 12 new team members to the overall team.

We are likely to see further consolidation within the market this year, as financially stronger companies make the most of their positions and take over smaller rivals to increase their own market share.

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