CMO Group acquires JTM Plumbing to tap into new market
Online building merchant CMO Group PLC is set to diversify into the plumbing and heating market following the acquisition of JTM Plumbing Limited in a deal worth up to £5.7m.
Consistent with CMO’s growth ambitions and strategy to be able to offer everything needed by the homeowner or tradesperson to build a home, the acquisition establishes a foothold for CMO in the approximately £800m online plumbing and heating market and is highly complementary to CMO’s existing range of specialist categories.
CMO’s expansion into the plumbing and heating market will complement the company’s already broad portfolio of online ‘superstores’ selling roofing, windows, doors, insulation, drainage, and tiles. Popular with both DIY customers and professional tradespeople alike, the websites showcase the company’s extensive product catalogue and offer a wealth of technical help and guidance along with full support from an experienced team of customer service advisors.
Founded in 2007, JTM Plumbing Limited is a pure play digital retailer of first fix plumbing and heating supplies based in Darlington, County Durham. CMO’s acquisition of the company will extend the company’s already extensive product offering and will be marketed under the name – www.plumbingsuperstore.co.uk
Dean Murray, CEO of CMO said: “The acquisition of JTM Plumbing Limited is exciting for us: not only does it take us into a new category expanding our capability into heating and plumbing products but it also expands our addressable market to a swathe of professional tradespeople that we had not targeted previously. It also takes us another step further to being a one stop shop for customers and enhances our ability to continue disrupting and revolutionising the underpenetrated online market for building materials.”
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