Acquisition of BathEmpire.com

RNS Number : 2160G

Wolseley PLC

02 March 2015

 



NEWS RELEASE

2 March 2015

Wolseley acquires UK online bathroom retailer

Wolseley plc has today announced the acquisition of a substantial shareholding in BathEmpire.com a leading B2C online bathroom retailer in the UK, with an option to acquire the remaining equity stake at a future date. In the year ended 31 December 2014 the business generated revenue of £26 million. 

BathEmpire.com was founded in 2009 and has 150 employees. This acquisition gives Wolseley a strong position in the UK B2C online bathroom market and a scalable platform to support future growth.

Commenting on the acquisition, 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."

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For further information please contact:

Wolseley plc

John Martin, Chief Financial Officer	Tel:        [phone]
Mark Fearon, Director of Corporate Communications and IR	Mobile: [phone]
Mike Ward, Head of Communications Brunswick (Media Enquiries) Mike Harrison, Nina Coad	Mobile: [phone] Tel:       [phone]

Notes to editors

Wolseley plc is the world's largest specialist trade distributor of plumbing and heating products to professional contractors and a leading supplier of building materials in North America, the UK and Continental Europe. Group revenue for the year ended 31 July 2014 was £12.8 billion and trading profit was £761 million. Wolseley has around 41,000 employees, is listed on the London Stock Exchange (LSE: WOS) and is in the FTSE 100 index of listed companies.   For more information, please visit www.wolseley.com or follow us on Twitter https://twitter.com/wolseleyplc.

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