Wolseley close to Bathstore disposal?

Published: 10 March 2011
Speculation is rising that builders and plumbers merchant chain Wolseley is on the verge of siphoning off its Bathstore retail chain.
Sky News' Mark Kleinmann says the merchant chain is believed to be in final stage discussions with the private equity firm Electra Partners.

If the talks go well, a deal is likely to be weeks away with a price rumoured to be somewhere around the £80m-£90m.

Bathstore would be the second Wolseley UK non-core segment to be sold off since chief executive Ian Meakins took over. Brandon Hire was hived off to private equity buyers in August.

Comments

Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
Would you like to receive a printed copy?
Click here to register for a regular copy of Builders Merchant Journal
Subcribe to ACR News
[month]

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal
January 2018

Digital Archives

Click here to view archived digital editions of Builders Merchants Journal

Selco makes eight-year-old's Christmas

Eight-year old Luke Shaw becomes a Selco manager for the day
18-Dec-2017

Digby shows off anti-stain porcelain properties

Digby Stone have launched two videos to demonstrate the stain resistance of their porcelain tiles
5-Dec-2017

Buildbase goes on film to promote industry to next generation

National builders’ merchant, Buildbase has collaborated with ITN Productions and the Chartered Institute of Builders (CIOB) to produce a
18-Oct-2017