Here’s our take based on MDM’s knowledge of the distribution world on the rumors flying around the Web about UK-based Wolseley plc, global building materials/plumbing/HVAC distributor and parent company to Stock Building Supply and Ferguson in the U.S.
According to some reports, Wolseley is at risk of breaching its bank covenants” -here’s an article from the Telegraph. The company is significantly exposed to the U.S. residential markets and up until this year has been an aggressive strategic acquirer. To improve its financial situation, the company has been aggressively cutting costs in its U.S.-based businesses, closing branches and reducing staff. In its last …
Rumors of Wolseley
Here’s our take based on MDM’s knowledge of the distribution world on the rumors flying around the Web about UK-based Wolseley plc, global building materials/plumbing/HVAC distributor and parent company to Stock Building Supply and Ferguson in the U.S.
According to some reports, Wolseley is at risk of breaching its bank covenants” -here’s an article from the Telegraph. The company is significantly exposed to the U.S. residential markets and up until this year has been an aggressive strategic acquirer. To improve its financial situation, the company has been aggressively cutting costs in its U.S.-based businesses, closing branches and reducing staff. In its last …
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About the Author
Lindsay Young
Lindsay Young is the president of 3 Aspens Media, a B2B content strategy and marketing content firm that works with distributors to translate their offline expertise – online. She has more than 20 years of experience leading and producing online and print content for publications and businesses. She leads a team of 12 writers, client success managers, designers, marketing specialists and strategists to produce content that helps companies translate their benefits to key decision-makers. She was previously the editor of Modern Distribution Management.
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