Travis Perkins to sell loss-making Toolstation Benelux for nominal €1

(Sharecast News) - Travis Perkins said on Tuesday that it has agreed to sell its loss-making Toolstation Benelux business for a nominal €1 to Fidelium Partners. The company will make a final capital injection of around £35m to strengthen Toolstation Benelux's financial position as it transitions to independent ownership, and expects to complete the deal before the end of the year.

Toolstation Benelux will be reported as a discontinued operation in the FY26 financial statements, with its expected loss of around £10m for the full year excluded from the group's FY26 adjusted operating profit.

"This transaction will therefore support the group's return to growth in profitability and allow a redirection of its resources into more value-creating activities," the company said.

Chief executive Gavin Slark said: "The proposed divestment of Toolstation Benelux represents further progress in simplifying the group's operating model and supports our clear focus on being the UK's leading distributor of building materials.

"We thank all our Benelux colleagues for their efforts in establishing and developing the business that exists today. Along with Fidelium Partners we wish them well with this next phase of their journey."

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