The builders merchant will join the UK’s leading share index, along with housebuilder Persimmon, on June 24, at the expense of two Russian mining companies.
Both companies’ economic positions have benefited from an improvement to the housing market.
Travis Perkins currently has a market value of £3.7bn and has more than doubled its profits (2012: £260m) in the four years since the financial crisis. Net debt has also almost halved.
The company’s share price has soared 40% this year.
