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WOS Wolseley

4,527.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wolseley LSE:WOS London Ordinary Share JE00BFNWV485 ORD 10 53/66P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4,527.00 4,530.00 4,532.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Acquisition

22/09/2003 8:01am

UK Regulatory


RNS Number:9986P
Wolseley PLC
20 September 2003



                                  NEWS RELEASE
                                20 September 2003

________________________________________________________________________________

                                  Wolseley plc
       Wolseley spends #14 million on three acquisitions in North America
________________________________________________________________________________


Wolseley plc, the world's largest specialist trade distributor of plumbing,
heating and building materials products, has acquired three more businesses in
North America, for a total consideration, including debt acquired, of #14
million. In a full year, these acquisitions will add a further #37 million of
sales. Goodwill related to these acquisitions is estimated to be around #5.8
million.


North America Plumbing and Heating Distribution
_______________________________________________


The North American Plumbing and Heating Distribution business has acquired two
businesses.

In the USA, Ferguson has acquired Liberty Equipment & Supply ("Liberty"), a
leading distributor of pipe, valves and fittings to the commercial, industrial
and marine construction markets. Liberty serves much of the Pacific Northwest
and California from five branches. As at the acquisition date of 16 September
2003, it had net assets, excluding debt, of approximately #5.1 million.

In Canada, Wolseley Canada has acquired Nuroc Plumbing and Heating Supplies Ltd.
("Nuroc"), based in Toronto. Nuroc is a distributor of a wide variety of
plumbing, heating and industrial supplies. As at the acquisition date of 4
August 2003, it had net assets, excluding debt, of approximately #1.6 million.


US Building Materials Distribution
__________________________________


Stock Building Supplies has acquired JM Lumber, Inc. ("JM Lumber"), a leading
distributor of lumber and building materials to the professional contractor in
the Treasure Coast area of Florida. As at the acquisition date of 1 August 2003,
JM Lumber had net assets, excluding debt, of approximately #1.5 million.

Charles Banks, Group Chief Executive of Wolseley said:

"These bolt-on acquisitions further strengthen Wolseley's position in the US and
Canadian markets, enhancing our product offering. Furthermore they demonstrate
our continued strategy to expand through a combination of organic growth and
acquisitions."


FURTHER INFORMATION:

Wolseley plc                                                 Brunswick Group Ltd
Tel: 0118 929 8700                                           Tel: 020 7404 5959

Guy Stainer - Head of Investor Relations                     Sophie Fitton


________________________________________________________________________________

Exchange Rates
______________


The following exchange rates have been used with the acquisitions noted above:
#1 = $1.60, #1 = C$2.24

________________________________________________________________________________



                                    - Ends -


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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