Wolseley UK announces sale of Electric Center

Wolseley UK announces sale of Electric Center

Wolseley UK has today entered into an agreement to sell its Electric Center business to equipment distributor Edmundson Electrical.

Electric Center employs around 570 people and operates through a network of 84 branches. In 2010, its turnover was £129m.

Wolseley UK has made a decision that electrical wholesale is no longer a core strategic business activity for the UK business.

Wolseley UK’s managing director Steve Ashmore said, ‘This decision has not been taken lightly as Electric Center is a fundamentally sound and well run business, but we believe it offers the best way forward for Wolseley UK as well as for Electric Center and its employees.’

Wolseley UK anticipates that the deal will complete by the end of July.

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Marshall-Tufflex trunking in double act at Ealing schools

Marshall-Tufflex trunking in double act at Ealing schools When specifying for London Borough of ...

Property guru chooses DEVImat for his own home

Property guru chooses DEVImat for his own home  When one of the UK's most ...

Rolec

Rolec EV Introduces EV Charge Point Grant Funding

As a government approved EV charge point manufacturer and installer, Rolec EV is able ...