- Wolseley year-end income down on U.S. housing slump
- Stock Building Supply shoulders $89 million loss
- Stock Building Supply reports loss in half-year results
- Wolseley names vp-acquisitions
- LBM industry suffers more cutbacks
- Stock and Ferguson feel pinch: U.K.-based parent company Wolseley looks for ways to cut costs
- Wolseley plays show and sell
Wolseley, through its United States-based subsidiary Stock Building Supply, has acquired new businesses in several pro service areas in the United States.
Most recently, Stock acquired the assets of KBC Construction, a turnkey framer and wall panel manufacturer based in Albuquerque, N.M. Terms of the deal were not disclosed, but KBC had revenue of $16.6 million last year, with assets of $2.9 million.
“This acquisition complements Stock's existing businesses in the Albuquerque area, enabling it to provide a complete range of added value services to its customers,” Wolseley said in a statement.
Additional acquisitions recently announced by Wolseley include:
• The acquisition of Architectural Building Supply, a fabricator, distributor and installer of doors, hardware and access control devices for commercial and industrial markets, by Stock Building Supply. The company, which has operations in Utah and Idaho, had revenue of $36 million with assets of $9 million in 2006.
• The acquisition of Jacobi Hardware, based in Wilmington, N.C., by Stock Building Supply. Jacobi also is a fabricator, distributor and installer of doors, hardware and access control devices for commercial and industrial markets. The company had revenue of $3.3 million last year and assets of $400,000.
• The acquisition of Pagosa Springs, Colo.-based J.D.’s Wholesale Plumbing & Supply by Ferguson, another pro dealer subsidiary of Wolseley. J.D.’s Wholesale had revenue of $700,000 last year, with assets of $500,000.