The 2020 Mid-Year Economic Update_long

Wolseley: Four More Acquisitions

>UK-based Wolseley plc, parent to Ferguson and Stock Building Supply, and global distributor of plumbing and heating products and building materials, has made four more bolt-on acquisitions, expected to add about $278.24 million (148 million) in additional revenue.


>
North America


>Ferguson> has acquired Lawrence Plumbing Supply Co. and Castle Supply Company Inc. and Castle North Corporation (Castle Group). Castle Group is a distributor of plumbing products with 27 locations in Florida. This acquisition will complement Wolseley’s presence in Florida’s commercial plumbing market. In 2005, Castle Group had revenue of $165.3 million (87.9 million) and gross assets of $28.4 million (15.1 million).



>Ferguson has also acquired Northern Water Works Supply Inc. NWWS is the largest independent wholesaler of waterworks products in the states of Minnesota, North Dakota, South Dakota, Iowa, Western Wisconsin and Northern Illinois. In 2005, NWWS had revenue of $91.2 million (48.5 million) and gross assets of $20.1 million (10.7 million).



>Europe>


>Wolseley UK has acquired Murdock ECD Limited and Murdock Haworth Limited from Murdock Group Limited. Murdock consists of three builders merchant branches in northwest England. In 2005, Murdock had revenue of 7.1 million and gross assets of 0.7 million.



>DT Group has acquired Helatukku Finland Oy. Helatukku, in Western Finland, imports, markets and distributes items mainly for the kitchen cabinet manufacturing industry. In 2005, Helatukku had revenue of 6.3 million (4.2 million) and gross assets of 3.0 million (2.0 million).

(Graphic above taken from Wolseley press release; exchange rate 1=$1.88.)

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