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| Wolseley announces six further 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 six further bolt on acquisitions for an aggregate consideration of £27 million. In a full year, these bolt on acquisitions are expected to add approximately £57 million in additional revenue. Since the beginning of the financial year on 1 August 2006, a total of twenty five bolt on acquisitions in Europe and North America have been completed for an aggregate consideration of approximately £262 million. These twenty five acquisitions are expected to add approximately £444 million to group revenue in a full year. Goodwill and intangible assets related to these acquisitions is estimated to be around £175 million. In addition, Wolseley plc completed the acquisition of DT Group (formerly known as Danske Traelast) for an estimated consideration of £1,353 million which brings aggregate acquisition spend for the year to £1,615 million. On 27 November 2006, Wolseley Canada acquired Hudson Plumbing Supplies Limited from Jim McKendry and Kevin Grant. Hudson is a distributor of plumbing parts operating from three locations in the Greater Toronto area. On 4 December 2006, Ferguson acquired the assets of Onda-Lay Pipe & Rental, Inc. from a large number of individual shareholders. Onda-Lay operates from three locations, Midland (Texas), Hobbs (New Mexico) and Damascus (Arkansas) distributing polyethylene pipe products, fibreglass pipe products and providing installation services. On 11 December 2006, Ferguson acquired T’N’T Sales, Inc. trading as Page’s Appliances from Terry Page and Tom Styer. Pages is a leading independent appliance dealer operating from Albuquerque and Santa Fe, Central New Mexico. On 15 December 2006, Stock Building Supply acquired Tonto Verde Construction, Inc. and Precision Forest Products, LLC from Ted Brooks and Eric Mitchell. Tonto is a framing contractor supplying the Phoenix, Arizona residential housing market. On 1 September 2006, PBM acquired Atout K-RO from Richard Mas and Alex Lucas. Atout is a specialist ceramic tiles distributor operating from a single location in Perpignan, Southern France. On 1 December 2006, PBM acquired Etablissments Pochon Felix from Socamo. Pochon is a generalist builders’ merchant based in the Rhone Alpes region of France and is run from two outlets, Bourg en Bresse and Pont de Vaux. write your comments about the article :: © 2006 Construction News :: home page |