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Screwfix Direct Limited, trading as Screwfix, is a retailer of trade tools, accessories and hardware products based in the United Kingdom. [6] Founded in 1979 as the Woodscrew Supply Company, the company was acquired in July 1999 by Kingfisher plc , which also owns B&Q , and is listed on the London Stock Exchange .
In December 2007, Kingfisher sold its 50 per cent stake in B&Q Taiwan to its joint venture partner. The $106.5 million (£51.6 million) sale, producing a profit of £25 million, was used to reduce debt. [10] In March 2009, B&Q closed 22 of its then 63 shops in China, blaming the housing slump. [18]
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