6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
North America Plumbing and Heating Distribution
The North American Plumbing and Heating Distribution business has acquired two businesses. In the USA, Ferguson has acquired Liberty Equipment & Supply ('Liberty'), a leading distributor of pipe, valves and fittings to the commercial, industrial and marine construction markets. Liberty serves much of the Pacific Northwest and California from five branches. As at the acquisition date of September 16, 2003, it had net assets, excluding debt, of approximately US$5.1 million. In Canada, Wolseley Canada has acquired Nuroc Plumbing and Heating Supplies Ltd. ('Nuroc'), based in Toronto. Nuroc is a distributor of a wide variety of plumbing, heating and industrial supplies. As at the acquisition date of August 4, 2003, it had net assets, excluding debt, of approximately US$2.6 million.
US Building Materials Distribution
Stock Building Supplies has acquired JM Lumber, Inc. ('JM Lumber'), a leading distributor of lumber and building materials to the professional contractor in the Treasure Coast area of Florida. As at the acquisition date of August 1, 2003, JM Lumber had net assets, excluding debt, of approximately US$2.5 million. Charles Banks, Group Chief Executive of Wolseley said: 'These bolt-on acquisitions further strengthen Wolseley's position in the US and Canadian markets, enhancing our product offering. Furthermore they demonstrate our continued strategy to expand through a combination of organic growth and acquisitions.'