Wolseley plc (Reading, UK) plans to continue its successful strategy of expanding market share through both organic growth and acquisitions, according to Charles Banks, group chief executive. He discussed the company's results for the first half ended Jan. 30 in a March 19 conference call.
Wolseley plans to continue pursuing a number of acquisitions at "realistic prices," Banks said, with some expected to be completed by year-end. He said the company would spend on average $285 million (U.S.) per year for bolt-on acquisitions.