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Shares in plumbing supplies firm Wolseley have dropped more than 12% after it cut its revenue forecasts.
Ferguson plc (formerly Wolseley plc) is a British-American multinational plumbing and heating products distributor with its head office in Wokingham, England. Its brands include Ferguson Enterprises (in the United States).
Excluding the net pension liability, the net operating assets of Wolseley UK at July 31, 2020 were $378 million.
On Monday, England-based Wolseley plc officially completed its company rebranding and name change to Ferguson, and is now under the direction of a new CEO.
In January 2021, Wolseley UK was acquired by Clayton, Dubilier & Rice, for £308 million.
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On Monday, England-based Wolseley plc officially completed its company rebranding and name change to Ferguson, and is now under the direction of a new CEO.
Later still, it became part of the British Radio Corporation. It was taken over by Thorn Electrical Industries in the late 1950s, but the Ferguson name continued to be used by Thorn, and its successor Thorn EMI.
Shares in plumbing supplies firm Wolseley have dropped more than 12% after it cut its revenue forecasts.
UK-based heating and plumbing distribution company Wolseley UK has been sold to global private investment firm Clayton, Dubilier & Rice for £308 million. The deal, was confirmed by Wolseley's current owner, USA-based Ferguson Plc.
In January 2021, Wolseley UK was acquired by Clayton, Dubilier & Rice, for £308 million.

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