Content about Ferguson Enterprises

Robert Marchbank, the newly appointed CEO of ProBuild, is a seasoned executive who spent 19 years moving up the ranks at Ferguson Enterprises, where he eventually became CEO for the entire European operation. He takes on the top job at the largest LBM chain during the LBM’s worst downturn — in many ways, not an enviable position.

Morrison Supply Co., the fourth-largest distributor of plumbing and HVAC supplies in the United States, has sold a majority share to private equity firm Advent International.

Founded in 1917, Morrison is now the largest distributor of plumbing supplies in the southwestern United States. The company has 77 branches and showrooms, located in Texas, New Mexico, Oklahoma, Louisiana, Arkansas and Kansas. Morrison has several lines of business, including plumbing, heating, ventilation & air conditioning (HVAC), industrial pipes, valves & fittings, oil & gas and waterworks.

Ferguson Enterprises, one of the nation’s largest plumbing and HVAC wholesalers, has leased industrial space at the port of Houston, according to the Houston Business Journal.

The Newport News, Va.–based company, which has several locations in the Houston area, has leased about 206,000 sq. ft. of industrial space at the Port Crossing Commerce Center in La Porte.

Newport News, Va.-based Ferguson Enterprises has purchased the assets of SG Supply Co., a Calumet Park, Ill.supplier of plumbing products, water heaters, hydronic heating, and pipe, valves and fittings for plumbing and mechanical contractors. The purchase price of the transaction, reported by Industrial Distribution, was not disclosed.

Jess Brown, a Wolseley veteran who worked at both Stock Building Supply and Ferguson Enterprises, has been named VP and chief information officer at RelaDyne, a provider of lubrication products and services for equipment management. 

Wolseley, the parent company of U.S. plumbing distributor Ferguson, has announced plans to move its official headquarters to Switzerland in order to reduce its tax burden in England. If approved by shareholders, the London-based firm would create a holding company called “New Wolseley” but continue to employ nearly 10,000 people in the U.K.

New Wolseley would still be listed and traded on the London Stock Exchange, according to the proposal.