GDYO Gibbs & Dandy

RNS Number:4001Z
Gibbs & Dandy PLC
02 July 2007


2 July 2007

Gibbs and Dandy plc
builders merchants

NEW BRANCH ACQUIRED IN LEICESTERSHIRE


Gibbs and Dandy plc has strengthened its presence in the South Midlands by
acquiring Carson Fletcher Timber Limited, a single-branch timber merchant based
in Market Harborough, Leicestershire.

The initial cash consideration is #1.0m plus an additional amount for net assets
not exceeding #0.373m. Turnover for the year ended 31st January 2007 was #1.87m.

Gibbs and Dandy ('the Company') already has three branches in the South
Midlands, a region where future growth is forecast. The Directors believe that
Market Harborough is a good strategic fit with the Company's existing branches
in Northamptonshire.

This latest acquisition brings the Company's total number of branches to eleven.


Enquiries:


Gibbs and Dandy plc

Michael Dandy           Managing Director 
Amitabh Sharma          Finance Director          01582 798 798






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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