Construction News

08/11/2007

Wolseley Snaps Up New Acquisitions

Reading-based building supplies company Wolseley PLC has spent £84 million on the acquisition of five companies.

Four of the companies are US-based, with deals being struck for Wolseley to take over Architectural Building Supply Company, Jacobi Hardware, KBC Construction, and the inventory of JD's Wholesale Plumbing & Supply.

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In addition, the firm has also snapped up French company Sofiparts SAS.

Wolseley expect the five bolt-on acquisitions to add around £109 million in total revenue in a full year.

(NS/JM)

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