Wolseley Agrees To Buy Puukeskus in Finland

RNS Number : 8774Z

Wolseley PLC

12 February 2014

 



NEWS RELEASE

12 February 2014

Wolseley plc Wolseley Agrees To Buy Puukeskus in Finland

Wolseley plc  has agreed to acquire Puukeskus, a building materials distribution business in Finland with 23 branches, from funds advised by Triton along with a portfolio of freehold properties used by the business.  Puukeskus generated revenue of £190 million and trading profit of approximately £4 million in the year ended 31 December 2013. On completion approximately 400 employees will join the Group and the business will be integrated with Wolseley's Starkki business in Finland which has 22 branches.  Completion is subject to receiving the appropriate clearance from the Finnish Competition Commission.   

For further information please contact

Wolseley plc

John Martin, Chief Financial Officer	Tel:       [phone]
Mark Fearon, Director of Corporate Communications and IR	Mobile: [phone]
Brunswick (Media Enquiries) Michael Harrison, Nina Coad	Tel:       [phone]

Notes to statement

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.  Group revenue for the year ended 31 July 2013 was £13,154 million and trading profit was £725 million.  Wolseley has approximately 39,000 employees and 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.

Wolseley will announce its Interim Results on 25 March 2014.

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