skip to main content
Find Insight DIY on
* * *

UK DIY News

Wolseley sells Bathstore to Endless LLP

Wolseley, 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, has completed the sale of Bathstore, its UK retail business.

It has been sold to a newly incorporated company backed by Endless LLP for consideration of £15m payable over the next five years. As part of the transaction Endless has invested £11m of new capital into the business to fund its further development.

In the nine months to 30 April 2012 Bathstore generated revenue of £66m. The associated assets were £7m at 31 January 2012 and the results of the business were classified as 'held for sale' in the half year results.

Ian Meakins, Chief Executive of Wolseley, commented: "This disposal is in line with our strategy of focusing on our core operations."

Source : Stockmarket Wire
www.stockmarketwire.com/article/4367610/Wolseley-sells-Bathstore-to-Endless.html

11 May 2012

Related News

view more UK DIY News
*

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

*
Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry