Ferguson’s Focus Post-Recession
MDM Editor Lindsay Konzak recently sat down with the leaders of Ferguson to talk about where they see the company going post-recession. They also discussed the joint venture Wolseley entered into last year for Stock Building Supply – in which it now has only a minority position – and what that means for Wolseley's positioning in North America.
In this interview:
MDM: After a couple of down years, where does Ferguson sit?
Frank Roach: Over the past several years the driving theme in Wolseley's North American group was to centralize back-office cost and collaborate when appropriate between the individual companies: Ferguson, Stock Building Supply and Wolseley Canada.
The exposure Stock had to the new residential construction market – which was roughly 80 percent of their business –