Distributor Center

Acquisitions for Wolseley

January 29, 2007
/ Print / Reprints /
ShareMore
/ Text Size+

THEALE, Reading, England - Wolseley plc, parent to Ferguson and Stock Building Supply, made four more bolt-on acquisitions that are expected to add about $278.24 million in additional revenue.

In North America, Ferguson acquired Lawrence Plumbing Supply Co., Castle Supply Co. Inc., and Castle North Corp. (Castle Group). Castle Group is a distributor of plumbing products with 27 locations in Florida. In 2005, Castle Group’s revenue was $165.3 million and its gross assets were $28.4 million. Ferguson also acquired Northern Water Works Supply Inc. In 2005, the company had revenue of $91.2 million and gross assets of $20.1 million.

In Europe, Wolseley UK acquired Murdock ECD Limited and Murdock Haworth Limited from Murdock Group Limited., and the DT Group acquired Helatukku Finland Oy.

“We are delighted to announce these four bolt-on acquisitions which complement our existing business in Europe and North America,” said Chip Hornsby, group chief executive of Wolseley. “Making bolt-on acquisitions is an important part of delivering double-digit growth and the pipeline for the year remains strong.”

Publication date: 01/29/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

Kyle Gargaro, editor-in-chief of The NEWS, hosted the 2014 ACCA CEO Forum. At the event, six well-known, highly respected company executives, Gary Michel, Ingersoll Rand/Trane; Chris Nelson, Carrier Corp.; Chris Peel, Rheem Mfg. Co.; Rod Rushing, Johnson Controls; Brent Schroeder, Emerson Climate Technologies; and Doug Young, Lennox; provided individual industry outlooks and fielded questions directly from attending contractors. Listen to the entire event on the NEWSMakers podcast. Posted on April 14.

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con