Stevenswood Trade Centre Announced the Successful Acquisition of Truemans Holding Limited

Stevenswood Trade Centre Announced the Successful Acquisition of Truemans Holding Limited

Stevenswood Trade Centres Limited was established in 1997. Operating a network of 25 different trade centres across Scotland as well as the North of England and the South East. Stevenswood focuses on distributing windows and doors to the installer market.

It has been announced that Stevenswood Trade Centres has successful completed the acquisition of Truemans Holdings Limited. The acquisition was supported by investment from Cairngorm Capital Partners LLP. This acquisition by Stevenswood supports their objective to develop a national network of trade counters in order to become the leading trade counter distributor in the UK.

Truemans was established in 1997, and is a family business that has expanded rapidly as a trade counter. The company operates four trade counters in Burnley, Doncaster, Sheffield and Crewe. Truemans have another trade counter scheduled to open in the spring this year, in Reading. Truemans employs 41 people and is expected to achieve a revenue on £10 million in 2017.

The acquisition is a perfect opportunity for expansion, as Stevenson has gaps in the English market that are filled by Truemans’ trade counter locations. The managing Director of Truemans, Joe Trueman will join the senior management of the Stevenswood team. Trueman will be appointed the Commercial Director and will focus on driving Stevenwood’s expansion strategy.

Stevenswood founder, Ron Hepburn will retire now that the acquisition of Trueman is complete. Hepburn has built the business from a small independent window fabricator into one of the UK’s leading distributors of windows and doors. John Declerck will now become a full time member of the team as Group Chief Executive, after being a non-executive director. Declerck bring s more than 15 years of experience as a global executive in procurement, merchandising, brand strategy and digital marketing for building materials.  John Declerck will be supported by an already successful team including Duncan Murray who is Chief Operations Officer.

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