Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Bids were due in yesterday (January12) for Bathstore, the retail bathroom arm of builders and plumbers merchant Wolseley.
Wolseley is disposing of non-core assets – Brandon Hire has already been divested – as part of a refocus following two turbulent years. It bought the chain in 2003 and expanded it from just 33 stores to 160.
Wolseley never comments on press speculation of this nature, however, a price tag of up to £85 million is thought to be expected, depending how sales in the key post-Christmas period fare.
