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Wolseley could sell Build Center 'in two years'
Builders and plumbers merchant chain Wolseley could sell off 19 of its businesses, including Build Center, if it decides they are non-core or failed to perform.
Build Center branches might be up for sale after two years
Wolseley CEO Ian Meakins made the announcement today when he presented Wolseley's half-year results to analysts and journalists.
Brossette, the French plumbers merchant is also in danger.
The businesses currently underperforming have been called "Performance Builders" by Meakins and efforts will be made to improve their trading performances before a decision is made to keep them within the portfolio or sell them. This is likely to take two years or so. The core businesses have been dubbed either "growth engines" or "synergy drivers".
The group has already 'exited' its business interests in Ireland.
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Click here to leave a commentComments
By Jeff
I work for Build Center, and quite frankly they could not organize a piss-up in a brewery, they have dangled bonus schemes [red to green was one such one] over the years and when we reach the targets they give some excuse not to pay, they acccept loyalty out of us when they have driven us into the ground. We are expensive and then they wonder why nobody comes to us, its almost if they are making it bad for us just to shut us down.And sooner the better if they shut us down.
By Rick
Company not run right , Padded cost prices are costing the company your losing customers lef right and center!
By les whiting
you do not look after your workers - low pay - let it all go downhill for me
23/05/2010 19:09:00
Build CenterBy Jeff
I work for Build Center, and quite frankly they could not organize a piss-up in a brewery, they have dangled bonus schemes [red to green was one such one] over the years and when we reach the targets they give some excuse not to pay, they acccept loyalty out of us when they have driven us into the ground. We are expensive and then they wonder why nobody comes to us, its almost if they are making it bad for us just to shut us down.And sooner the better if they shut us down.
27/03/2010 22:02:00
Build CenterBy Rick
Company not run right , Padded cost prices are costing the company your losing customers lef right and center!
23/03/2010 20:03:00
build centerBy les whiting
you do not look after your workers - low pay - let it all go downhill for me
