Wolseley plc, distributor of plumbing and heating products to contractors and a supplier of building materials, has made five bolt-on acquisitions. In a full year, these bolt-on acquisitions are expected to add about 28 million pounds to total revenue.
Since Aug. 1, 2006, the start of Wolseley’s financial year, a total of 41 bolt-on acquisitions in Europe and North America have been completed. These 41 acquisitions are expected to add approximately 656 million pounds (US$1,312 million) to Group revenue in a full year.
In addition, on Sept. 25, 2006, Wolseley plc completed the acquisition of DT Group, which brings aggregate acquisition spend for the year to 1,713 million pounds (US$3,426 million).
On May 14, 2007, Wolseley Canada acquired Maverick Supplies Limited. Maverick is a distributor of pipe, valves, fittings and industrial supplies to oil and natural gas companies and oilfield contractors with six locations in south central Alberta. In the year ended Sept. 30, 2006, Maverick had revenue of CAD$17.5 million.
On July 2, 2007, Stock Building Supply acquired Hollow Metal Specialists, Inc. HMS is a fabricator, distributor and installer of commercial doors, hardware and access control devices for commercial and institutional projects, based in Sarasota, FL. In the year ended Dec. 31, 2006, HMS had revenue of $15.4 million.
On June 1, 2007, Wolseley France acquired Etablissements Lebrun SAS. Lebrun is a generalist builders’ merchant based in one location southeast of Paris. In the year ended Dec. 31, 2006, Lebrun had revenue of 2.8 million euros (1.9 million pounds)
On June 1, 2007, DT Group acquired H.R. Sandvold AS. Situated in Haugesund, on the west coast of Norway, Sandvold is a plumbing wholesaler and in recent years has extended its product range into kitchens, bathrooms and bathroom accessories. This acquisition will enable DT Group to expand its lightside product offering to complement its extensive heavyside range.
In the year ended Dec. 31, 2006, Sandvold had revenue of NOK58.5 million (4.9 million pounds)
On June 22, 2007, DT Group acquired A/S Baagoe & Riber. Baagoe & Riber, a builders merchant, is based in Svendborg in the south of Funen, the second largest island in Denmark. In the year ended Dec. 31, 2006, Baagoe & Riber had revenue of DKK51.8 million (4.7 million pounds).