Dewsbury builders merchants AW Lumb has acquired by expanding home counties firm Lords.
The £23.1m deal - which includes £19.5m due on completion and a deferred consideration of £3.6m payable over the next five years - will bring AW Lumb's Dewsbury and Tamworth depots into Lords' network which includes West London and home counties sites.
Lords has funded the deal from existing cash and extended debt facilities, including an increased revolving credit facility of £50m.
