Acquisitions for Wolseley
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