Clayton, Dubilier & Rice is buying Wolseley UK , a leading specialist distributor of plumbing, heating, climate control, pipe and infrastructure and utility products in the United Kingdom, from Ferguson plc for about $378 million.
“The disruption of the past ten months has demonstrated the constructive role that we can play providing both capital and operating capabilities to support good businesses,” says CD&R ” co-president David Novak.
The transaction represents the twelfth building products and industrial distribution investment completed by CD&R over the last decade. In 2020, CD&R carved-out White Cap, a distributor of construction products, from HD Supply and completed a partnership investment in SIG plc, a U.K.-listed building products distributor.
Clifford Chance and Debevoise & Plimpton LLP are advising CD&R.