Wolseley plc has agreed to acquire Puukeskus, a building materials distribution business in Finland with 23 branches, from funds advised by Triton along with a portfolio of freehold properties used by the business.
Puukeskus generated revenue of £190 million and trading profit of approximately £4 million in the year ended 31 December 2013. On completion approximately 400 employees will join the Group and the business will be integrated with Wolseley’s Starkki business in Finland which has 22 branches.
Completion is subject to receiving the appropriate clearance from the Finnish Competition Commission.
