Wolseley to merge Swiss Tobler business with HVAC distributor Walter Meier

Wolseley signed an agreement to merge its Swiss plumbing and heating business Tobler with Swiss HVAC distributor Walter Meier AG, taking a cash consideration and a 39.2% minority stake in the combined business, subject to shareholder and competition approvals.

“SWITZERLAND: Wolseley has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Swiss HVAC distributor Walter Meier AG.”

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