Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
Plumbers merchant group Wolseley has sold its last interest in the US heavyside building industry.
The group completed the sale of its remaining minority shareholding in Stock Building Supply to The Gores Group for consideration of £15m.
The business was a minority interest for which no revenue or trading losses were recognised in the Group’s financial statements for the year to 31 July 2011. The asset was held in the balance sheet at nil value.
