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Acquisitions for Wolseley

January 29, 2007
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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

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