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Ferguson plc (formerly Wolseley plc) was an American-British multinational plumbing and heating products distributor. In August 2024, it merged into Ferguson Enterprises. [4] [5] [6] The company traced its roots to The Wolseley Sheep Shearing Machine Company, founded in 1887.
A Jersey holding company was set up in 2017 named Ferguson plc and under that name and ownership the original Wolseley business remains listed on the London Stock Exchange and a constituent of the FTSE 100 Index. The British and Canadian operations are still called Wolseley. Ferguson plc's global headquarters is in Zug, Switzerland.
In 1982, Wolseley UK acquired the company for $30.7 million. [6] In 1989, Ferguson merged with Familian. [7] The company laid off thousands of workers during the Great Recession due to a slowdown in business. [8] In 2012, the company acquired Power Equipment Direct. [8] In 2016, Ferguson acquired Signature Hardware for $210 million. [9]
He turned down venture capital and instead sold the company to Ferguson plc, then called Wolseley UK, for $35 million. [4] Woseley bought the Build.com domain name from David Berman and rebranded the company as Build.com in April 2010. [4] In October 2015, Build.com / Ferguson Enterprises acquired Living Direct. [5]
Wolseley UK is no longer involved in manufacturing; instead, it focuses on distributing and selling bought in products. In January 2021, Wolseley UK was sold by Ferguson to a private equity firm, Clayton, Dubilier & Rice, for £308m. [7] In July 2021, Wolseley UK bought selected Graham Plumbers' Merchant stores after Saint-Gobain divested the ...
The Wolseley 6/80 was the flagship of the company and incorporated the best styling and features. The Wolseley engine of the 6/80 was also superior to the Morris delivering a higher BHP. The car was well balanced and demonstrated excellent road holding for its time. The British police used these as their squad cars well into the late sixties.
Prison–industrial complex This page was last edited on 22 January 2023, at 14:45 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
The industrial complex is a socioeconomic concept wherein businesses become entwined in social or political systems or institutions, creating or bolstering a profit economy from these systems. Such a complex is said to pursue its own interests regardless of, and often at the expense of, the best interests of society and individuals.