Wolseley plc (Reading, United Kingdom) recently acquired four distribution businesses in the United States and Canada for about $59.8 million (U.S.) in cash.
Stock Building Supply acquired Wenco Distributors of Texas for an approximate cash consideration, including debt, of $45.8 million (U.S.). Wenco, which distributes millwork, lumber and building materials to professional contractors, operates from eight facilities throughout Texas. This acquisition continues Stock's strategy of increased focus on value-added activities that represent over 60% of Wenco's sales. Wenco reported sales of $143.7 million (U.S.) in the year ended Dec. 31, 2002.