Wolseley PLC WOS Acquisition

  Wolseley PLC (WOS) - Acquisition

RNS Number : 1968Q
Wolseley PLC
02 November 2012




                                 NEWS RELEASE

                               2 November 2012

             Wolseley plc

Wolseley agrees to buy 22 Burdens sites

                   

                                      

Wolseley plc has agreed to acquire the property, stock and vehicle assets of
22 sites from Burdens Limited, one of the leading suppliers of drainage and
civil engineering products in the UK. The sites generated revenue from
ongoing business in the 3 months ended 30 September 2012 of approximately £40
million. Consideration is expected to amount to approximately £30 million
including goodwill of £5 million. Approximately 600 employees will join the
Group.

The sites will be integrated with Wolseley UK's core businesses and Wolseley
will have exclusive use of the Burdens name in the UK.

Ian Meakins, Chief Executive of Wolseley said:

"Like our other UK businesses, Burdens has a well established reputation. The
acquisition will extend the reach of the Group's successful utilities business
in the UK and gain one of the leading positions in the underground drainage
sector. We warmly welcome the Burdens staff that are transferring into the
Group and look forward to building the pre-eminent brand in this attractive
market."

For further information please contact
Wolseley plc

John Martin, Chief Financial Officer            Tel: +41 (0) 41 723 2230
Mark Fearon, Director of Corporate              Mobile: +44 (0) 7711 875070
Communications and IR
Brunswick (Media Enquiries)                     
Mike Harrison, Sophie Brand
                                                Tel: +44 (0)20 7404 5959

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. Ongoing
Group revenue for the year ended 31 July 2012 was £12.7 billion and trading
profit was £658 million. Wolseley has around 41,000 employees, is listed on
the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed
companies. For more information, please visit www.wolseley.com or follow us
on Twitter https://twitter.com/wolseleyplc.


-ends-

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


ACQFSLSUEFESESF -0- Nov/02/2012 10:00 GMT
 
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