MKM plans to grow after completing refinancing

MKM Building Supplies which is backed by private equity firms 3i and LDC, is a long-standing client of Lloyds, which provided debt financing to support the buyout of the business in 2006.

Hull-headquartered MKM, which employs more than 840 staff at 42 sites, provides a wide range of building, timber and plumbing products to independent tradesmen and the public.

The financing agreement will support plans to expand the MKM branch network into new

regions. Earlier this year, the company opened branches in Durham and Castleford, which gave the business a presence in West Yorkshire for the first time.

David Kilburn, the chief executive at MKM, said: “Through a combination of strategic branch openings and placing customers at the centre of our operations we have established a market leading position. The new funding ensures that we can capitalise upon this position and provides us with

a strong base from whichwe can continue to expand our branch network.

“There are

considerable geographic areas across the North of England that offer potential for growth.”