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Travis bought 30% of the business for £18 million in 2008 and in Jan 2012 bought the rest of it, taking the total paid so far to £42 million with further payments possible over the next two years if it hits targets.
Toolstation, based in Bridgwater, Somerset, was set up in 2003 by Mark Goddard-Watts, the founder of rival tool supply firm Screwfix, which he left after a takeover by B&Q owner Kingfisher.
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'A sure cure for sea-sickness is to sit under a tree'
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Topic: float valve in aquaroll
