Plumbers merchant group Wolseley plc has purchased a substantial shareholding in B2C online bathroom retailer BathEmpire.com, with an option to acquire the remaining equity stake at a future date.
BathEmpire.com was founded in 2009 and has 150 employees. In the year ended 31 December 2014 the UK business generated revenue of £26 million.
Wolseley said the acquisition gives them a strong position in the UK B2C online bathroom market and a scalable platform to support future growth.
Ian Meakins, CEO of Wolseley plc, said: “The UK B2C online bathroom market is growing rapidly and BathEmpire.com gives us an established brand with a scalable platform and the opportunity to build a significant presence over time.”