Kooltech, a specialist distributor of air conditioning and ventilation products, has signed an agreement with the Wolseley Group to buy the entirety of the Kooltech business.

The decision follows a detailed search by Kooltech since the end of 2021 for a business partner that can help the company fuel further growth and reach even more customers.

Kooltech will remain a standalone business and brand. There will be no change to its operation and the company will remain headquartered in Glasgow. In agreement with Wolseley Group, a 10 year lease extension on the Kooltech premises in the city has been signed.

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Kooltech's senior management team will continue to lead the business to deliver exemplary service and quality products to its long standing customers and business partners.

Simon Oakland, Chief Executive of the Wolseley Group, said: "Wolseley is continuing to bring together the UK's best in our aim to be the most complete specialist provider of plumbing, heating, cooling and infrastructure products. Kooltech joining our group will enable us to extend our offer to customers further across the sector and create new opportunities for Kooltech as part of a broader business."

The deal is expected to complete in mid-2023. In the meantime, both businesses will continue to operate as usual.