Coventry-based Ashworth distributes pipes, valves and fittings to the mechanical services and process industries, trading from six sites with 135 employees in the UK. In 2014, it generated sales of 拢32m.
The new owner is GIL Investments, a West Midlands investment firm set up by the late David Groves, the former chief executive and chairman of Hill & Smith.
The sale was described as part of ongoing portfolio optimisation within Saint-Gobain Building Distribution, which has also seen the recent sale of the US business Meyer Decorative Surfaces (MDS) to Rugby Architectural Building Products.
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