Home » Wolseley plc Acquires Two More Distributors
Wolseley plc Acquires Two More Distributors
November 22, 2005
Plumbing and heating distributor Wolseley plc announced today it is acquiring two more industrial distributors for a total of $6.8 million in cash: one in the U.S. and the other in France.
On Nov. 14, Wolseley subsidiary Ferguson acquired HVAC distributor Mobile Supply Company Inc., Mobile, AL, from owners Mr. and Mrs. Raymond Stallings. Mobile has branches in Mobile and Pensacola, FL, and had sales of $12.3 million in 2004.
On Nov. 18, PBM signed an agreement to acquire MSCO from Jean-Marie Le Sellin, Annie Le Sellin, Michel Nadaud and Annie Nadaud. The deal is expected to be completed by Dec. 1, 2005. MSCO is a generalist builders' merchant based in the southwest of France with two branches. MSCO had sales of $4.37 million in 2004.
Since the beginning of the fiscal year started Aug. 1, 2005, Wolseley has bought 17 distribution businesses in Europe and North America, investing a total of about $729 million in cash. Wolseley had $19.45 billion in sales in fiscal year 2004.