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| Wolseley announces five acquisitions Wolseley plc, the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials, announced five bolt on acquisitions for an aggregate consideration of £87 million. In a full year, these bolt-on acquisitions are expected to add approximately £110 million to total revenue. Goodwill and intangible assets related to these acquisitions is estimated to be around £52 million. Stock Building Supply acquired certain assets of ProSource Building Supply, Ltd from Cary Miles and Tracy Manes. ProSource is a construction services business supplying primarily commercial doors, trim, hardwood, related speciality products and installation services operating from two facilities in Houston, Texas. Ferguson acquired Western Air Systems & Controls, Inc. from Glenn Woodward. Western Air is the exclusive Trane HVAC distributor for the states of California (excluding the San Francisco Bay area) and Nevada, operating from two facilities in California and one in Nevada. Ferguson acquired Davidson Pipe Company, Inc. from the Davidson and Krueger families and trustees. Davidson is a pipes, valves and fittings distributor supplying the New York metropolitan market. Wolseley UK acquired T&R Electrical Wholesalers Ltd from the Bissix family. T&R is an electrical wholesaler, serving public and electrical contractors in the residential, commercial and industrial sectors, operating from four sites in West London. T&R will give Wolseley UK's existing electrical distribution brand, Electric Center, additional coverage in an area where it is currently under represented. DT Group acquired Proaktiv Bygglogistik i Stockholm AB from Michael Palmlöf AB, Mikael Brohäll, Pia Svensson, Fredrik Palmlöf, Jan Birkebo and Christer Gustavsson. PBS is a newly formed building materials company, established by experienced industry professionals, based southwest of Stockholm. (£1 = $2.01, £1 = SEK13.85) write your comments about the article :: © 2007 Construction News :: home page |