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SRS Distribution Acquires Top Notch Roofing Supply

Ferguson Completes Sale of Stark Group

Ferguson has completed the sale of Stark Group, its Nordics building materials distribution business, to an affiliate of Lone Star Funds, a global private equity firm, for €1 billion (US$1.2 billion).

Ferguson said in 2017 it would divest its Nordic division, part of a number of changes at the distributor that included rebranding from Wolseley to Ferguson plc and appointing a new CEO for its U.S. business, Ferguson Enterprises.

In the year ended 31 July 2017, Stark Group generated sales of €2.2 billion (US$2.6 billion).

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