LONDON, 2 avr 2012 - Wolseley is one of the world leaders in the field of the distribution of materials of heating and plumbing. The sale of the French sign Brossette of the Wolseley group in Saint-Gobain finally took place after two years of talks and according to the provisions of July 25th, 2011.
The negotiations of the British group Wolseley and Saint-Gobain for the sale of Brossette of an amount of 186 million euros started two years ago. This sale was finalized and it is one of the subsidiary companies of Saint-Gobain who is Point P which acquired of it with the help of the transfer of 22 sales outlets. The latter entirely present a turnover of 30 million euros.
According to an official statement of Saint-Gobain, from this sale, it will be able to strengthen its place and its importance in the field of the distribution of health facilities, heating and plumbing in France, but more especially Europe in countries like Poland, Switzerland or the United Kingdom. The turnover of Brossette for the shifted exercise of 2011 is of 726 million euros.
In addition, Saint-Gobain also stated to have obtained the agreement of the British authority of competition for the purchase of the British network of distribution of construction materials Build center of Wolseley. This is done with the help of the resale of 23 agencies of a total turnover of 35 million books is approximately 42 million euros. This purchase will improve the position of Jewson in the sector of the distribution of construction materials in Great Britain.
Pierre-Andre de Chalendar, the chairman of Saint-Gobain affirmed in the official statement that these purchases of a sum of 351 million euros constitute a contribution higher than a billion euros of turnover. According to always this chairman, that will allow to improve the distribution building and to perfect its establishment geography. Two strong activities: the distribution general practitioner and the die specialized into medical, heating and plumbing will be installed respectively in Great Britain and France. |
