Ferguson Acquires More Wholesalers
The Plumbers Warehouse was purchased from John Muckel and Russ Long. According to Wolseley plc, parent company of Ferguson, it had sales of $63.9 million for the year ended Dec. 31, 2004 and gross assets of $12.5 million at that time.
Wolseley also reported that Alamo had sales of $2.3 million and gross assets of $0.5 million for the year ended Dec. 31, 2004.
In other news, Wolseley Canada acquired Can-Con Industries, a fabricator and distributor of pipe fittings for the natural gas, oil and water industries, from Mark Mercier, Brian Cropley, Garry Pickieson and Scott Toshack.
Can-Con has one outlet in Edmonton, Alberta. The company had sales of $5.8 million (U.S.) for the year ended Jan. 31, 2005 and gross assets of $2.99 million (U.S.) at that date, Wolseley said.
Also, Stock Building Supply acquired Home Lumber Co., in April from Brent Johnson and Kelle Johnson Vollkommer. Home Lumber's main branch is in San Bernardino, CA, and it has two smaller branches in Bishop, CA, and Yerington, NV. This acquisition will add critical mass to Wolseley's existing building materials distributor presence in California, the company said.
In March Wolseley UK acquired Nevill Long Ltd., a specialist supplier of interior building products, from James Latham plc. The company has nine branches across England and Wales. Its product range complements Encon, the distributor of insulation products Wolseley acquired last October.
Also in March, Tobler acquired the trade and certain assets of Hermann Frei, an oil fired and gas fired burners service and maintenance business, from Hermann Frei. The company services customers in the northwestern part of Switzerland.
Since August 2005 Wolseley has made 35 acquisitions, of which 21 were in its North America division.