John Nicholls Trading Ltd sells Heavyside division to MKM Group.
John Nicholls Trading Ltd has sold its Heavyside division, including co-joined sites at Bicester and Rugby to MKM Group.
Established in 1965 by the late chairman John Nicholls, the group has grown from one site in Banbury, Oxfordshire to over 25 sites covering Oxfordshire, Warwickshire, Northamptonshire, and Dorset.
The following branches have been sold as part of the Heavyside division;
- Banbury Building & Showroom
- Bicester Building, Plumbing & Showroom
- Kidlington Building
- Long Hanborough
- Rugby Building & Plumbing
Andrew Nicholls, Executive Chairman of John Nicholls Trading said:
"I am incredibly proud to see the business grow from humble beginnings in 1965 to the multi-branch business that it has become. We have taken our time and I know that in selling the Heavyside division to MKM we have a found a suitable custodian to continue the levels of service our customers have become accustomed."
"Whilst the decision to sell the Heavyside division has not been taken lightly, it allows us to focus on growing and developing both the Nicholls and J&B's Plumbing & Heating and showroom businesses whilst retaining the Nicholls family name. As part of the sale, it also facilitates Phillip Nicholls retirement."
"I am delighted to be spearheading a Management buyout of the Plumbing & Heating division with four of our directors – Adam England, Sam Hall, Mark Walton and David Simms ensuring the continuity of the Nicholls business moving forwards."