Wolseley plc, based in Reading, United Kingdom, acquired the assets of Lawrence Plumbing Supply Co., and the shares of Castle Supply Co. and Castle North Corp. (“Castle Group”) were acquired from Joseph Lawrence, Joseph White, Robert Stern, Robert Caldwell and John Thomas in October. Castle Group is a distributor of plumbing products with 27 locations in Florida. This acquisition will complement Wolseley's established presence in Florida's commercial plumbing market.
Castle Group had sales of $165.3 million for the year ended Dec. 31, 2005, and gross assets of $28.4 million at that date, Wolseley reported.