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Wolseley plc changed its name to Ferguson plc in March 2017, to reflect the primacy of its operations in the United States. [7] The company continued to trade as Wolseley in the United Kingdom and Canada [8] until 2021 when Wolseley UK was sold to a private equity firm.
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 ...
Ferguson was founded in 1953. The company started with two locations: Lenz Supply and Smither Supply. Expansion continued throughout the Southeast and Ferguson established its headquarters in Newport News, Virginia. In 1982, Wolseley UK acquired the company for $30.7 million. [6] In 1989, Ferguson merged with Familian. [7]
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]
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.
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]
Wolseley Motors Limited was a British motor vehicle manufacturer founded in early 1901 by the Vickers Armaments in conjunction with Herbert Austin.It initially made a full range, topped by large luxury cars, and dominated the market in the Edwardian era.
Ian Keith Meakins (born 31 August 1956) is a British businessman. He was the chief executive of Wolseley plc, a British multinational building materials distribution company, from 2009 to 2016.