Wolseley unloads Stock via joint venture with private equity group

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

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