DLA Piper advises Dyson Group on sale of The Builders Centre (Sheffield)

19th March 2013

YORKSHIRE - DLA Piper has advised Sheffield-based Dyson Group plc on the sale of its builders merchant subsidiary, The Builders Centre (Sheffield) Limited.

The Builders Centre is being acquired by Frank Key Group Limited, a large privately owned, independent, supplier of building and timber supplies in Nottinghamshire and Derbyshire. Both The Builders Centre and Frank Key are members of the National Buying Group and had a strong relationship prior to the acquisition. The DLA Piper team was led by associate Anna Lewis who was supported by partner Catherine Simister and solicitor Richard Blackburn, all from the firm's Sheffield Corporate team. Corporate finance advice was provided to Dyson by PKF in Sheffield and Frank Key was advised by Nottingham law firm Fraser Brown. Anna Lewis, associate at DLA Piper, commented: "We are delighted that DLA Piper has been able to work with PKF and Dyson on another successful transaction for the group following the sale of Saffil and high profile restructuring in the past few years. This move will enable Dyson to focus on its core Dyson Technical Ceramics businesses and its property interests." Patrick Abel, Corporate Finance Partner at PKF (UK) LLP said -It has been a real pleasure working with Dyson's senior management team to successfully identify and conclude the sale of the business to Frank Key Group.  The Builders Centre is a very strong local player with a strong management team, I am confident it will go from strength to strength under its new ownership.