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Ferguson, Newport News, VA, has purchased Endries International, Inc. and Endries Incorporated, Brillion, WI, in a pair of stock transactions completed Sept. 30, 2005. Endries is an ISO-certified, international provider of vendor managed inventory (VMI) and MRO services for original equipment manufacturers with industrial fasteners representing the bulk of their volume. Endries has annual sales of approximately $150 million and employs 500 associates.
In addition to the headquarters in Brillion, the acquisition includes leased locations in the U.S. as well as locations at customer sites. Domestically the organization has associate representation in approximately 30 states. The company also has operations in Canada, the U.K. and the Netherlands.
The purchase of Endries will provide Ferguson with expansion opportunities in the fastener and VMI business area. The company will operate as part of Ferguson's Commercial/Industrial Business Group and trade as Endries International, Inc. and Endries Incorporated, Ferguson subsidiaries. Steve Endries, president, will remain with the company. "Ferguson's commitment to customer, supplier and associate growth will provide exciting opportunities for all involved," Endries commented.
Ferguson is part of Wolseley plc, an international business operating in 14 countries in Europe and North America. Wolseley is the world's largest specialist trade distributor of plumbing and heating products, with group sales for the year ended July 31, 2005 of $20.8. billion. Ferguson is the country's largest wholesale distributor of plumbing supplies; pipes, valves and fittings; waterworks; building materials; and heating and air conditioning products. Ferguson has sales of $7.1 billion and 18,500 associates in nearly 990 service centers located in all 50 states, the District of Columbia, Puerto Rico, and Mexico.