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WOS Wolseley

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Share Name Share Symbol Market Type
Wolseley NYSE:WOS NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Wolseley plc Announces the Completion of the Acquisition of DT Group

25/09/2006 4:23pm

PR Newswire (US)


Wolseley (NYSE:WOS)
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CINCINNATI, Sept. 25 /PRNewswire-FirstCall/ -- Wolseley announced on July 24, 2006 that it had signed an agreement, conditional only upon regulatory approval, to acquire DT Group (formerly known as Danske Traelast). The offer has been approved by the Commission of the European Communities and completion subsequently took place on September 25, 2006. Notes to Editors Wolseley plc is the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe. Group revenues for the year ended July 31, 2006 were approximately 14.2 billion pounds Sterling and operating profit, before amortization of acquired intangibles, was 882 million pounds. Wolseley has more than 79,000 employees operating in 22 countries namely: UK, USA, France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech Republic, Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway, San Marino, Puerto Rico, Panama, Trinidad & Tobago and Mexico. Wolseley is listed on the London and New York Stock Exchanges (LSE:WOS)(NYSE:WOS) and is in the FTSE 100 index of listed companies. Certain statements included in this announcement may be forward-looking and may involve risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating to results of operations and financial conditions and the Company's plans and objectives for future operations including, without limitation, discussions of the Company's business and financial plans, expected future revenues and expenditures, investments and disposals, risks associated with changes in economic conditions, the strength of the plumbing and heating and building materials market in North America and Europe, fluctuations in product prices and changes in exchange and interest rates. All forward-looking statements in this respect are based upon information known to the Company on the date of this announcement. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. It is not reasonably possible to itemize all of the many factors and events that could cause the Company's forward-looking statements to be incorrect or that could otherwise have a material adverse effect on the future operations or results of the Company. No statement in this announcement is intended to be a profit forecast or to imply that the earnings per share of Wolseley for the current or future financial years will necessarily match or exceed the historical or published earnings of Wolseley. DATASOURCE: Wolseley plc CONTACT: Investors-Analysts, Guy Stainer, Head of Investor Relations, 0118 929 8744, or 07739 778187, or John R. English, Director, Investor Relations, North America, +1-513-771-9000, or +1-513-328-4900, or Press, Penny Studholme, Director of Corporate Communications, 0118 929 8886, or 07860 553834, all of Wolseley plc; or Andrew Fenwick or Nina Coad of Brunswick, 020 7404 5959 Web site: http://www.wolseley.com/

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