Howdens Acquires DIY Kitchens for £390 Million

By EC Assets · Published 3 June 2026

Howdens' stock has advanced following the announcement of its acquisition of DIY Kitchens. The company agreed to purchase the parent company of Ultima Furniture Systems Limited, which operates as DIY Kitchens. This deal values DIY Kitchens at an enterprise value of £390 million. The acquisition consideration includes £292.5 million in cash. Howdens plans to fund this cash component from existing resources and a new £240 million bank facility. Additionally, £97.5 million will be paid through the issuance of new shares to the seller. The acquisition targets a vertically integrated online kitchen retailer. Howdens has described this move as unlocking the consumer market. It also represents a push into home-shopping. The deal highlights Howdens' strategy involving digital disruption. Ultima Furniture Systems Limited is the acquired entity. Howden Joinery Group PLC is the acquiring company. This article is intended for informational purposes only. It does not constitute investment advice.