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Article: M&A activity still going strong.
- Article from:
- Industrial Distribution
- Article date:
- February 1, 2007
CopyrightCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff
The ongoing consolidation in the industrial distribution sector continued during the last days of 2006 and into the New Year, with players large and small making moves to expand their organizations through acquisitions.
And once again, British plumbing and HVAC giant Wolseley plc led the charge, buying 10 more companies in North America and Europe in moves that took its total spend on acquisitions in fiscal 2006 to nearly $635 million: Wolseley Canada bought Hudson Plumbing Supplies Ltd.; Ferguson Enterprises, Wolseley's American plumbing distribution division, bought Onda-Lay Pipe & Rental Inc., a distributor of polyethylene and fiberglass pipe ...