The prolonged housing downturn has pushed the building materials industry into uncharted waters where everyone is trying to hold their place in a shifting topography of competitors, suppliers and customers. Big or small, LBM operators are learning that the rules of engagement have changed. Here today, gone tomorrow, back next week in a reconfigured shape.
Wolseley, the parent company of U.S. plumbing distributor Ferguson, has announced plans to move its...
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.