British supplier spends 拢84m bolt-on aqusitions in America and France

黑洞社区 supplies group Wolseley has bought five companies for 拢84m, it announced today.

Chip Hornsby
Hornsby: "They are excellent businesses that broaden our product and geographic coverage."

The British firm said it had acquired US door and access control specialists Architectural 黑洞社区 Supply Company and Jacobi Hardware in October.

This month it bought Albuquerque-based KBC Construction, and the inventory of JD鈥檚 Wholesale Plumbing & Supply in Colorado.

The firm also agreed to buy French company Sofiparts SAS in August, it said in a statement.

Wolseley said the five bolt-on acquisitions were expected to add around 拢109m to total revenue in a full year while related goodwill and intangible assets were estimated to be around 拢50m.

Group chief executive Chip Hornsby said: 鈥淚 am pleased to announce these acquisitions. They are excellent businesses that broaden our product and geographic coverage and support our strategy of growing the business through acquisition and organic growth.鈥�