UK’s Largest Online Building Material Retailer Strengthens Presence in Plumbing Market

  • CMO Group acquires clickbasin.co.uk for £1.25m
  • Acquisition expands CMO’s integrated plumbing superstore offering
  • clickbasin.co.uk to be amalgamated into Plumbingsuperstore.co.uk in Q3
  • Expected to contribute EBITDA of £0.05m for FY22

CMO Group, the UK’s largest online-only retailer of building materials, has acquired Whiteholme Limited, the company behind clickbasin.co.uk, for £1.25m. This acquisition will broaden CMO’s integrated plumbing superstore offering, set to launch in Q3 this year. The move is expected to contribute EBITDA of £0.05m for the remainder of FY22. clickbasin.co.uk, along with JTM Plumbing, will form Plumbingsuperstore.co.uk, aiming to penetrate the £800m online plumbing and heating market.

Factuality Level: 10
Factuality Justification: The article provides accurate information about the acquisition of Whiteholme Limited by CMO Group, details about clickbasin.co.uk’s products, the expected contribution to EBITDA, and the strategic goals of the company. It also includes quotes from the CEO that support the reasoning behind the acquisition.
Noise Level: 2
Noise Justification: The article provides relevant information about a recent acquisition in the building materials industry, with clear details on the acquired company’s products and services, as well as the acquiring company’s strategic goals and plans for future growth. It also includes financial information such as the acquisition cost and expected contribution to EBITDA. The article stays focused on the topic without diving into unrelated territories.
Financial Relevance: Yes
Financial Markets Impacted: CMO Group’s stock price and the UK building materials and online retail markets
Financial Rating Justification: The acquisition of clickbasin.co.uk by CMO Group impacts financial markets as it expands their product offerings and potentially affects the company’s stock price, and also influences the UK building materials and online retail industries.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.

Reported publicly: www.retailsector.co.uk