Ferguson sells Wolseley UK to Clayton, Dubilier & Rice for £308m

Ferguson has agreed to sell its UK-based Wolseley business to private equity firm Clayton, Dubilier & Rice for £308 million, ending plans for a separate stock market listing. The deal is expected to close by the end of the month, with Ferguson planning to use the proceeds for a special dividend and to focus on its North American operations.

“Plumbing and heating giant Ferguson has ended plans for a separate stock market listing for its UK-based Wolseley business by agreeing to sell it to a private equity firm for £308 million. Wolseley will instead be owned by Clayton, Dubilier & Rice in a deal set to end a process first launched more than a year ago to offload the UK division.”

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