Wolseley makes acquisition

Wolseley, the FTSE 100 plumbers' merchant, is set to acquire the property, stock and vehicle assets of 22 sites from Burdens, which supplies drainage and civil engineering products in the UK.

Wolseley, the FTSE 100 plumbers' merchant, is set to acquire the property, stock and vehicle assets of 22 sites from Burdens, which supplies drainage and civil engineering products in the UK.

The consideration for the purchase is set to be in the region of £30m, which includes a goodwill payment of £5.0m.

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