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European distributor Wolseley plc has acquired a "substantial shareholding" in BathEmpire.com, a B2C online bathroom retailer in the United Kingdom, with an option to acquire the remaining equity stake at a future date. Terms were not disclosed.
BathEmpire.com, which was founded in 2009 and has 150 employees, reported sales in 2014 of £26 million (US$40 million). Wolseley said the acquisition gives the company a "strong position in the UK B2C online bathroom market and a scalable platform to support future growth."