Know what you want? Try our 'Supplier Directory' 

Wolseley spends £87m on five acquisitions

Today Wolseley Plc announced it spent £87m on five acquisitions including London-based electrical wholesaler T&R.
Wolseley, the world's largest specialist trade distributor of plumbing and heating products to professional contractors, says in a full year, the acquisitions will add £110m to total revenue.

On August 24, Wolseley UK acquired T&R Electrical Wholesalers Ltd (T&R). T&R is an electrical wholesaler, serving public and electrical contractors in the residential, commercial and industrial sectors and operates from four sites in West London.

The group said T&R will give its existing electrical distribution brand, Electric Center, additional coverage in an area where it is currently under represented.

In the year ended June 30 2007, T&R had revenue of £9.5m and gross assets of £1.6m at that date.

On August 16, DT Group acquired Proaktiv Bygglogistik i Stockholm AB (PBS). PBS is a building materials company based in Stockholm.

It cost the firm £9m to acquire these two European firms and £78m to acquire three North American firms.

On August 6, Stock Building Supply (Stock) acquired assets of ProDest Building Supply, (ProDest). This construction services business operates from Texas and supplies commercial doors, trim, hardwood, related speciality products and installation services.

On August 13, it acquired Western Air Systems & Controls, Inc. (Western Air). Western Air is the exclusive Trane HVAC distributor for the states of California and Nevada,

On August 27, Ferguson acquired Davidson Pipe Company, Inc. (Davidson). Davidson is a pipes, valves and fittings distributor supplying the New York metropolitan market.

Chip Hornsby, Group Chief Executive of Wolseley said 'I am delighted that we have finally been able to enter the New York industrial and commercial market and complete four further acquisitions towards our target for bolt-ons of £450m for the year to July 31, 2008.'

'They are excellent businesses that broaden our product and geographic coverage and support our strategy of growing the business through acquisition and organic growth,' he added.

Group revenue for the year ended July 31, 2006 was approximately £14.2 billion and operating profit was £882m. Wolseley has 78,000 employees operating in 28 countries.
11 September 2007

Comments

Already Registered?
Login
Not Yet Registered?
Register

What needs to change to accelerate the energy transition?

With a new Parliament, Jeff House, director of external affairs and policy at Baxi, discusses the drive to decarbonise homes and businesses, the role of heat pumps, and what needs to change from a policy and legislation perspective to accelerate the ...

  11-Jul-2024

Rinnai’s New High-Efficiency, Space Saving External Continuous Flow Hot Water Heaters Now Available

Rinnai is launching the Infinity E series of externally mounted continuous flow water heaters. Each unit arrives with water ingress protection (IPx5D) and provides a limitless volume of temperature controlled clean hot water, whilst electric, gas and water services are connected. The gas-fired water heaters are lightweight (18kgs) meaning that there is no need for heavy lifting gear.

  12-Jul-2024

STOKVIS R600

CONDENSING ULTRA LOW NOx PREMIX COMMERCIAL BOILER
  10-Jan-2019
Heating & Ventilating Review is the number one magazine in the HVAR industry. Don’t miss out, subscribe today!
Subcribe to HVR

Diary

HVR Awards 2024