Wolseley plc, the UK-based global distributor of plumbing and heating products to professional contractors and a supplier of building materials, announced five bolt-on acquisitions for an aggregate of 84 million pounds Sterling (US$174 million).
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In a full year, these bolt-on acquisitions are expected to add 109 million pounds (US$226 million) to total revenue.
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Stock Building Supply has purchased three companies in the U.S. (Article)
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HVAC and plumbing distributor Ferguson has acquired J.D.’s Wholesale Plumbing & Supply, Pagosa Springs, CO. J.D.’s had sales of $0.7 million in 2006.
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Wolseley France has acquired Sofiparts SAS, which designs and assembles roof trusses operating from 19 production sites across France. In the year ended Dec. 31, 2006, Sofiparts had revenue of euro 121.4 million. The acquisition is in line with Wolseley France’s strategy to move into the truss assembly market and increase its presence in the new residential sector.
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Wolseley plc operates in 28 countries.