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Jun 3 2026, 08:20 IST/BST
Howden Joinery
Expands proposition with £390m DIY Kitchens acquisition
- Sectors : Builders Merchants
- Companies : Howden Joinery
DAVY VIEW
Howdens had previously never undertaken an acquisition of note, but this is no longer the case with the £390m purchase of DIY Kitchens. While surprising, on first look it appears a smart move. It extends the Howdens offering with an additional route to market; it adds a fast-growing, high margin operation; and the transaction multiples screen well, with the deal expected to be immediately earnings accretive.
