European distributor Wolseley plc has agreed to merge Tobler, its Swiss plumbing and heating business, with Walter Meier AG, a Swiss heating and HVAC distributor. Wolseley expects to receive CHF117.8 million (US$116.6 million) and a 39.2 percent minority holding in the newly combined and enlarged business.
Wolseley Agrees to Merge Tobler with Walter Meier
Company will combine its Swiss plumbing and heating business with heating and HVAC distributor.
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