Wolseley group has bought air conditioning equipment distributor Kooltech.
The family-owned company will continue to operate as a standalone business within the Wolseley Group under its current management team. In addition a 10-year lease extension has been signed on Kooltech’s Glasgow headquarters.
“We’re really excited about the opportunity and the benefits that this deal will bring,” says id Kooltech commercial director Jonathan Brown. “Kooltech is a business that is performing well and experiencing exceptional growth. Wolseley is a great business that aligns with our culture and ambitions.”
“Wolseley is continuing to bring together the UK’s best in our aim to be the most complete specialist provider of plumbing, heating, cooling and infrastructure products,” adds Simon Oakland, Wolseley Group chief executive. “Kooltech joining our group will enable us to extend our offer to customers further across the sector and create new opportunities for Kooltech as part of a broader business.”
The deal is expected to be completed in mid-2023.