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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.
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]
On December 9, 2014 the company announced it was acquired by Ferguson Enterprises, the largest wholesale plumbing distributor in the U.S., to become a wholly owned subsidiary known as HP Products, a Ferguson enterprise. [2] Ferguson Enterprises has been a part of Wolseley plc since 1982. [7]
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The U.K.'s major index is being held back today by a small handful of companies whose share prices are struggling, while Why Compass, Wolseley, and Eurasian Natural Resources Should Lag the FTSE ...
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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]
LONDON -- The FTSE 100 bounced back a little today after a couple of days of losses, climbing 0.51% to close at 6,556. Confidence seems to be flowing back as fears of the early cessation of ...