Newbury Investments, a specialist distribution group, agreed to acquire Primaflow F&P, a national wholesale distributor of branded plumbing and heating systems, from Travis Perkins, a British builders' merchant and home improvement retailer, for £46m. "The divestment of our wholesale plumbing & heating business is a further step in reducing the Group's overall complexity and enabling greater focus and more disciplined capital allocation to our advantaged trade-focused businesses," Nick Roberts, Travis Perkins Chief Executive.