THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
CMO Group acquires plumbing retailer in £5.7m deal

Plymouth-headquartered CMO Group, the UK’s largest online-only retailer of building materials has bought a plumbing busines. CMO, which has seen a 63% hike in sales, has… View Article

HOME & DIY

CMO Group acquires plumbing retailer in £5.7m deal

Plymouth-headquartered CMO Group, the UK’s largest online-only retailer of building materials has bought a plumbing busines.

CMO, which has seen a 63% hike in sales, has agreed terms to snap up JTM Plumbing in a £5.7m deal. JTM are a digital retailer of plumbing and heating supplies. This new business will be marketed under the domain name of plumbingsuperstore.co.uk.

It comes just seven months after it acquired  Total Tiles and CMO chief executive Dean Murray said the business is planning further expansion.

He said: “We have grown organically and by making acquisitions and that remains our strategy. We will continue to add products and services and are looking at further acquisitions. We are constantly looking across the market to what will fit, businesses that are similar to ourselves, that are purely online and with a similar ethos.”

CMO is now the UK’s largest online-only retailer of building materials, and its unaudited Interim Results for the six months ended June 30, 2021, reveal revenue increased by 63% to £38.2m (H1 2020: £23.4m), reflecting strong organic growth and the £8.8m contribution from the acquisition of Total Tiles.

Gross profit increased to £7.4m (H1 2020: £3.4m), and adjusted EBITDA (earnings before interest, tax, depreciation, amortisation, exceptional and acquisition costs) increased to £2.0m (H1 2020: £0.8m).

The company said its market remains buoyant and the group is managing industry headwinds well with an expectation to deliver double-digit sales growth in-line with full-year expectations.

CMO Group is a UK-based online retailer of building materials, offering products in tiling, roofing and drainage materials across seven specialist websites. The company’s 75,000 listed products for sale makes it the country’s largest online-only operator in the sector as of 2021. The company was started in 2008.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON
UKG LifeWork ALL: Register your place now to hear more. RETAIL HR 21 Sept LONDON

Watch video >