AddThis

Wolseley completes deal for French truss company

Wolseley, the U.K.-based parent of Stock Building Supply and building materials dealer Ferguson, has cleared regulatory requirements to acquire France-based Sofiparts, a designer and manufacturer of roof trusses.

The company had assets of 24.5 million British pounds (US$53.5 million), with total sales of US$177.6 million in 2006.

Sofiparts has 19 production sites in France, and the move “is in line with Wolseley France's strategy to move into the truss assembly market and further increase its presence in the new residential sector,” the company said in a statement.

In an earlier statement, Wolseley CEO Chip Hornsby called Sofiparts “a leading operator in the truss and wood frame housing market, which will further complement our existing building materials operations in France.”

As earlier reported by HCN, Wolseley made several North American acquisitions recently through its Stock Building Supply and Ferguson subsidiaries. They include KBC Construction, Architectural Building Supply, Jacobi Hardware and J.D.’s Wholesale Plumbing & Supply.


Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.