Wolseley makes acquisitions in U.S., abroad
Stock Building Supply, the industry’s second largest pro dealer, has purchased Precision Doors & Hardware, a company specializing in the sales, installation, service and repair of commercial and industrial doors, frames, door hardware, washroom accessories and control systems. Precision Doors & Hardware operates from five locations in the Washington, D.C., area. In 2006, the most recent year made available, the company posted revenues of $43.3 million.
Ferguson Enterprises, Stock’s sister company, has acquired assets of two companies: C.B. Group, which does business as JC Plumbing Supply in San Francisco. JC Plumbing is a distributor operating from two facilities. Revenues in 2006 were $4.4 million. The other acquisition was Mastercraft Cabinets, a cabinet distributor operating from a single facility in Naples, Fla. In 2006, Mastercraft had revenues of $5.1 million.
Since the beginning of its fiscal year on Aug. 1, 2007, U.K.-based Wolseley, the parent company of Stock and Ferguson, has spent $66.2 million to acquire a total of 15 bolt-on acquisitions in Europe and North America. These 15 acquisitions are expected to add approximately $527.6 million in revenues annually.