Companies in the timber industry / Daily News / Global Trends / Wood construction / Wood-based panels / Europe
January 22, 2015
Wolseley gives up on French building materials business
Plumbing supplies British group Wolseley said on Thursday that it was considering the exit of its remaining building materials business in France, where the market has proved tough. In the year ended 31 July 2014 Wolseley's business in France generated revenue and trading profit of £577 million and £7 million respectively and had net assets of approximately £130 million. 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 ...
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