U.K.-based diversified distributor Wolseley PLC followed through on its plan to get struggling U.S. building products supply unit Stock Building Supply Holdings, LLC, off its balance sheet. Wolseley sold 51 percent of Stock to a joint venture with a private equity firm, The Gores Group, LLC. Wolseley will retain a 49 percent stake in the business. Based in Raleigh, N.C., Stock is one of the largest suppliers of building products to professional builders, contractors and other customers in
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.